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Click ‘Get Form’ to open the warranty deed in the editor.
Begin by filling in the date at the top of the form. This is crucial as it indicates when the deed is executed.
Next, enter the names and addresses of the Grantor(s) and Grantee(s). Ensure that all parties are accurately represented, including individuals and business entities.
In the section regarding consideration, specify the amount being exchanged for the property. This is important for legal validation.
Provide a detailed legal description of the property being transferred. If necessary, attach an exhibit with this information.
Complete the signature section where Grantor(s) must sign in front of witnesses and a Notary Public to validate the document.
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Disadvantages of Warranty Deeds Title companies will research the chain of deeds, past court judgments, and unpaid taxes before green-lighting the transfer. The grantor also remains on the hook long after the sale. If a forgotten lien surfaces, the buyer can pull the grantor into court for damages and legal fees.
What is a warranty deed in Arkansas?
An Arkansas warranty deed is a property conveyance instrument that includes a guarantee of a clean title and the sellers right to transfer. This type of deed holds the seller responsible for defending the buyers ownership from third-party claims that resulted during the sellers ownership or before.
How to transfer property title to family member in Arkansas?
The Legal Process of Transferring Real Estate The legal transfer of real estate in Arkansas involves several steps: The owner must sign the Arkansas beneficiary deed and have it docHubd to affirm their intent. The deed must be recorded at the county recorders office before the owners death to ensure its validity.
Who benefits the most from a warranty deed?
Who Benefits the Most from Recording a Warranty Deed? The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
by B Warren 2007 In Arkansas the Duhig rule only applies to the construction of a reservation in a warranty deed when the immediate parties to the deed are not the parties
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