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201515LSO0154STATE OF WESTINGHOUSE BILL NO. HB0160
Special warranty deeds.
Sponsored by:Representative(s)
Senator(s) PerkinsBrownandPelkeyandA BILL
for
1ANACTrelatingtoproperty,2transactions;3providing
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How to fill out special warranty deeds
How to fill out special warranty deeds
01
Start by obtaining the necessary special warranty deed form. This can usually be found online or at a local office supply store.
02
Fill in the names and addresses of the grantor(s) and the grantee(s), as well as the description of the property being transferred.
03
Include any relevant legal descriptions or property identification numbers.
04
Specify the consideration or purchase price for the transfer, if applicable.
05
Include any necessary legal language or provisions, such as warranties, covenants, or limitations on liability.
06
Have all parties involved sign the special warranty deed in the presence of a notary public.
07
Record the completed special warranty deed with the appropriate county or municipal office responsible for recording real estate documents.
08
Make copies of the recorded special warranty deed for all parties involved for their records.
Who needs special warranty deeds?
01
Buyers or purchasers of real estate may need special warranty deeds to ensure that the seller is only warranting against defects or liabilities that occurred during their period of ownership.
02
Real estate investors or developers may use special warranty deeds when transferring properties within their own portfolio or to other related entities.
03
Lenders or financial institutions may require special warranty deeds as part of the loan or mortgage closing process to protect their interests in the property.
04
Property owners who wish to transfer ownership or title to someone else, but do not want to provide the same level of warranty or protection as a general warranty deed, may use special warranty deeds.
05
Corporations or business entities that transfer real estate assets may also use special warranty deeds to protect their shareholders or owners from personal liability.
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What is special warranty deeds?
Special warranty deeds are legal documents used in real estate transactions to transfer property ownership. They guarantee that the seller holds clear title to the property during the time they owned it, but do not guarantee the status of the title before that time.
Who is required to file special warranty deeds?
Special warranty deeds are typically filed by the seller of the property, although the buyer may also request it in some cases.
How to fill out special warranty deeds?
Special warranty deeds must include the names of the parties involved, a legal description of the property, the sale price, and any relevant terms or conditions of the sale. They must also be signed and notarized by the seller.
What is the purpose of special warranty deeds?
The purpose of special warranty deeds is to transfer ownership of real property from one party to another while providing some protection against claims that may arise from the seller's ownership of the property.
What information must be reported on special warranty deeds?
Special warranty deeds must include the names of the parties, a legal description of the property, the sale price, and any relevant terms or conditions of the sale. They must also be signed and notarized by the seller.
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