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What is a general warranty deed in Ohio?

1. An Ohio general warranty deed is a deed form under which the real estate's current owner\u2014the grantor\u2014transfers real estate to a new owner\u2014the grantee\u2014with complete warranty of title. 2. Warranty of title is a guaranty that the current owner owns the property free of any undisclosed title defects.

Who benefits the most from 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.

Does Ohio have special warranty deeds?

An Ohio limited warranty deed is a form that conveys property interests with a guarantee. However, unlike a warranty deed, the grantor is only guaranteeing that he or she did not encumber the property while he or she owned it.

What is a statutory warranty deed in Alabama?

The Alabama statutory warranty deed form provides a limited warranty of title. With a statutory warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.

Which type of deed offers the most protection to the buyer?

A general warranty deed is the most common type of warranty deed in the United States. It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home \u2013 even dating back to prior property owners.

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Does a deed have to be recorded to be valid in Ohio?

While it is generally wise to record your deed, Ohio law does not require a deed to be recorded for title to pass from you (the grantor) to a grantee. To transfer title, you must deliver the executed and acknowledged deed to the grantee.

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.

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.

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