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Who benefits the most from recording a warranty deed?
12. Who benefits the most from recording a warranty deed? D. Explanation: The grantee is the one who has acquired an interest in the land, and she is the one who benefits the most from recording the deed to provide constructive (legal) notice of that interest.
Does Ohio have a special warranty deed?
An Ohio limited warranty deed form is a deed that conveys Ohio real estate with limited warranty of title. Warranty of title\u2014which the Ohio statute calls covenants of warranty\u2014is the current owner's guaranty to the new owner that the transferred real estate's title is free of undisclosed title defects.
What is a special warranty deed in Ohio?
A limited warranty deed, also sometimes known as a special warranty deed, is one in which the grantor warrants title to the grantee against encumbrances made by the grantor for those grantees claiming through the chain of title created by the grantor.
What is a survivorship deed Ohio?
A survivorship deed is a deed conveying title to real estate into the names of two or more persons as joint tenants with rights of survivorship. Upon the death of one owner, the property passes to and vests in the name of the surviving owner or owners.
What is a limited warranty deed in Arkansas?
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.
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In the state of Ohio, there are generally three ways that this real estate can be owned: as tenants in common, as joint tenants with right of survivorship, and as a sole owner with a transfer on death affidavit.
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.
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.
What is the best warranty deed?
The General Warranty Deed A general warranty deed provides the highest level of protection for the buyer because it includes significant covenants or warranties conveyed by the grantor to the grantee.
How do I transfer a survivorship deed in Ohio?
The surviving spouse must execute a simple Affidavit of Survivorship to memorialize the transfer. The affidavit, along with the deceased spouse's death certificate, will then be recorded with the County Recorder's Office to officially document that the transfer took place.
Related links
Chapter 5302 - Ohio Revised Code
If the owner is married, the affidavit shall include a statement by the owner's spouse stating that the spouse's dower rights are subordinate to the vesting of ...
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