Maine warranty deed: Fill out & sign online

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Click ‘Get Form’ to open the Maine Warranty Deed in the editor.
Begin by filling in the 'Grantor' section with the name and address of the individual transferring property. Ensure accuracy as this information is crucial for legal validity.
Next, complete the 'Grantee' section, specifying the name of the trustee and trust details. This identifies who will hold the property under trust provisions.
In the 'Legal Description' field, provide a detailed description of the property being transferred. If necessary, refer to Exhibit A for additional legal descriptions.
Finally, have the Grantor sign and date the document. Ensure that a Notary Public witnesses this signature to validate the deed legally.

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What are the disadvantages of a warranty deed?

Quitclaim Deed: Warrants the owner has not encumbered any debts or liens against the title but is unwilling to state their predecessors did not do the same. Warranty Deed: Warrants the owner has not encumbered any debts or liens against the title and guarantees their predecessors did not encumber the title.

What is the main purpose of a warranty deed?

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

What is a warranty deed in Maine?

You can get a warranty deed from your real estate agent. The warranty deed should include all the important details surrounding the real estate transaction (names of people involved, appropriate signatures, description of the property, etc.).