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Click ‘Get Form’ to open the Warranty Deed in our editor.
Begin by filling in the Grantor's details, including Name, Address, City/State/Zip, and Telephone. Indicate marital status by selecting either 'Married' or 'Unmarried'.
Next, enter the Grantees' information. This includes the names and addresses of both Husband and Wife. Ensure accuracy as this identifies the new owners.
In the section for legal property description, either attach Exhibit A or provide a detailed legal description of the property being conveyed.
Review any indexing instructions and ensure that all necessary reservations or exceptions are noted clearly.
Finally, sign and date the document where indicated. If required, arrange for notarization by filling in the notary section accurately.
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Warranty Deeds are used in most home sales between unrelated parties because they offer the most protection for buyers without established trust. If any title issues arise after a sale, a Warranty Deed ensures that the seller remains responsible. There are two types of Warranty Deeds: special and general.
What is a special warranty deed in Mississippi?
A special warranty deed is a type of general warranty deed used to transfer ownership from one owner (a person, group of people or entity) to a new owner when the seller cannot guarantee 100% ownership of the property they are selling.
How do I add my wife to my warranty deed?
The simplest way to add a spouse to a deed is through a quitclaim deed. This type of deed transfers whatever ownership rights you have so that you and your spouse now become joint owners. No title search or complex transaction is necessary. The deed will list you as the grantor and you and your spouse as grantees.
How to transfer property title to family member in Mississippi?
To change a name(s) on the title, you need to take the title to your local county Tax Collectors office and complete the necessary applications. You may only add a member of your immediate family, specifically your spouse, parent, child, grandparent or grandchild, to a title.
What are the disadvantages of a warranty deed?
Limitations of Warranty Deeds While warranty deeds offer some key benefits, there are also some limitations, such as: A special warranty deed only guarantees that the title is clear of any claims or encumbrances during the time that the grantor owned the property.
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The warranty deed not only gives the grantor the legal right to sell the home but also confirms that the property has no title issues or concerns.
What is the safest type of deed?
A Warranty Deed can protect the seller from legal implications if disputes arise after the transaction. The grantor assures the grantee they are responsible for past discrepancies, thus protecting the buyers interests.
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