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Prepared by U.S. Legal Forms, Inc. Copyright 2016 U.S. Legal Forms, Inc. STATE OF IDAHOSPECIAL WARRANTY DEED Individual to Individual Control Number ID SPEED 81NOTE ABOUT COMPLETING THE Forsythe forms
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How to fill out special warranty deed

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How to fill out special warranty deed

01
To fill out a special warranty deed, follow these steps:
02
Begin by entering the names and addresses of the parties involved in the transaction: the grantor (current owner) and the grantee (new owner).
03
Clearly specify the property being conveyed, including the legal description and the address.
04
State the consideration, which is the price paid for the property or any other agreed-upon compensation.
05
Include any necessary legal language and provisions, such as warranty or exemption clauses.
06
Sign the deed in the presence of a notary public, and have it notarized.
07
Record the deed at the appropriate county recorder's office where the property is located.
08
Provide a copy of the executed and recorded deed to the grantee for their records.
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Note: It is recommended to seek legal advice or consult with a real estate attorney when filling out a special warranty deed, as requirements may vary by jurisdiction.

Who needs special warranty deed?

01
A special warranty deed may be needed in the following scenarios:
02
Real estate transactions: When a property is being sold or transferred from one party to another, a special warranty deed can be used to convey ownership with limited warranty protection. It is commonly used in commercial real estate transactions.
03
Foreclosure or bank-owned properties: When a bank or lender sells a property acquired through foreclosure, they may use a special warranty deed to transfer ownership while minimizing their liability for any title defects or claims.
04
Quitclaim deed conversion: In some cases, a quitclaim deed may need to be converted to a special warranty deed to provide additional assurance to the grantee regarding the grantor's title rights and responsibilities.
05
It is advisable to consult with a real estate attorney or legal professional to determine if a special warranty deed is necessary for a specific situation.

What is Special Warranty Deed - Idaho Form?

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Template Special Warranty Deed - Idaho instructions

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A special warranty deed is a type of legal document used to transfer ownership of real estate, in which the seller guarantees that they hold title to the property and have the right to sell it, but only for the duration of their ownership.
The seller (grantor) of the property is typically responsible for filing the special warranty deed with the appropriate county or local government office.
To fill out a special warranty deed, include the names of the grantor and grantee, the property description, the consideration paid, and specify the type of conveyance. Ensure it is signed and notarized.
The purpose of a special warranty deed is to provide a guarantee from the seller that they have not encumbered the property during their ownership, and to protect the buyer against prior claims.
A special warranty deed must report the names of the parties involved, a legal description of the property, the consideration, and any encumbrances or liens on the property.
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