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In the State of Georgia, the instrument used to secure a debt on property is called a "Deed to Secure Debt" or "Security Deed." Under Georgia law, the lender is deeded the property, but in a lesser form of a deed that becomes activated if the borrower defaults in some way.
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.
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.
A full covenant and warranty deed is the strongest and broadest form of guarantee of title. As such, it includes several covenants. Which of these covenants are included in the warranty deed? Grantor has the legal capacity to convey the title and has the title to convey.
For a deed to be recorded, Georgia law requires that it be signed by the maker (grantor) and attested by at least two (2) witnesses. O.C.G.A. Section 44-5-30. A deed is attested when two or more natural persons see the maker sign the deed and they "attest" to the fact by signing the deed as witnesses.
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A North Carolina special warranty deed is used to convey property from a grantor (seller) to a grantee (buyer) with a limited guarantee that there are no liens or encumbrances on the title during the grantor's ownership. Although, the deed does not guarantee clean title from past owners.
What is a Special Warranty Deed? A special warranty act is not quite as detailed as its generic equivalent, since it conveys only two warranties: The grantee warrants that the title has been granted to him or her. The grantor warrants that during the time the grantor held the land, the land was not encumbered.
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.
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.
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.

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