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Statutory Warranty Deed - Maine

Statutory Warranty Deed - Maine 2025

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The document is a Warranty Deed form for the State of Maine, prepared by U.S. Legal Forms, Inc. It includes instructions for completing the form using Microsoft Word, a disclaimer regarding the legal effect and completeness of the forms, and sections for entering grantor and grantee information along with property details. The document emphasizes that it does not provide legal advice and suggests consulting an attorney for serious legal issues.

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What deed proves ownership?

House Deed, Defined When you purchase a home, youll receive the property deed a legal document that provides a description of the property and declares your ownership, or title, over it. Both the grantor and grantee are responsible for signing the document toward the end of the closing process.

What works as proof of ownership?

Deed or official record: Original deed, warranty deed or deed of trust to the property. A utility bill dated between April 2022 and present, must also be included. Mortgage documentation: Mortgage statement, mortgage promissory note or the closing disclosure form.

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.

What is the difference between a warranty deed and a statutory warranty deed?

A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your states statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.

What is a warranty deed in Maine?

General Warranty Deed The General Warranty deed is often referred to simply as a warranty deed. It is a deed conveying title where the seller (grantor) makes six covenants or promises to the buyer (grantee) as part of the conveyance.

Does a statutory warranty deed prove ownership?

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.

Is a warranty deed proof of ownership?

In reality, a warranty deed does not directly prove ownership but guarantees that the property is free of liens and that the seller has the legal right to sell the property. This guarantee provides a significant level of protection for the buyer, facilitating a smooth and secure transfer of property ownership.

Statutory Warranty Deed - Maine 2025

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