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What is another name given to a special warranty deed?
Special warranty deeds go by many names in different states, including covenant deed, grant deed, and limited warranty deed. The guarantee covers only the period when the seller held title to the property with a special warranty deed.
What is another name given to a special warranty deed?
Special warranty deeds go by many names in different states, including covenant deed, grant deed, and limited warranty deed. The guarantee covers only the period when the seller held title to the property with a special warranty deed.
What is a special warranty deed in Arkansas?
An Arkansas special warranty deed is a type of deed that warrants that the seller has not conveyed his or her interest in the property to another but does not warrant that he or she holds clear title to the property.
Is a special warranty deed OK?
A special warranty deed provides the buyer with some guarantees about title, but it does not offer complete protection. However, these types of deeds can be acceptable if other protections are put in place. You can find the right form to use by searching online for "special warranty deed" and your state's name.
Why would you use a special warranty deed in Texas?
Special warranty deeds are often used in transfers to a living trust or an LLC controlled by the person signing the deed. This can help preserve title insurance protections.
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In this situation, a Limited Warranty Deed is very similar to a quitclaim deed and only transfers any interest the State of Arkansas held in the property. The Commissioner does not guarantee usability, accessibility, or existence of the property nor can it guarantee or warrant a clear title to the property.
What may be a reason that a special warranty deed is being issued for this transaction?
A special warranty deed provides assurance that the property's seller owns the property in question and has not faced any title issues during this ownership. A special warranty deed guarantees that the buyer won't face any legal action or title issues as a result of the actions of the property's previous owner.
What is the difference between a special warranty deed and a general warranty deed in Texas?
A special warranty deed is more limited than a general warranty deed, and it only warrants that title is free and clear from other claims during the time period of the grantor's ownership. It does not offer any protection for claims arising prior to the grantor's ownership.
Is a special warranty deed OK?
A special warranty deed provides the buyer with some guarantees about title, but it does not offer complete protection. However, these types of deeds can be acceptable if other protections are put in place. You can find the right form to use by searching online for "special warranty deed" and your state's name.
Is a special warranty deed OK?
A special warranty deed provides the buyer with some guarantees about title, but it does not offer complete protection. However, these types of deeds can be acceptable if other protections are put in place. You can find the right form to use by searching online for "special warranty deed" and your state's name.
Related links
§ 55.1-355. Covenant of special warranty - Virginia Law
Covenant of special warranty. A covenant by any such grantor "that he will warrant specially the property hereby conveyed" shall have the same effect as if ...
A general warranty deed protects the grantee against title defects arising at any point in time, extending back to the property's origins. ... A special warranty ...
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