Get the free SPECIAL WARRANTY DEED - Chicago Title template

SPECIAL WARRANTY Defile No: enter file no here Chicago Title 2000 W. Galena Boulevard, Suite 105 Aurora, IL 60506THIS AGREEMENT, made and entered into this day of, 2019, by and between Secretary of

How to fill out special warranty deed

How to fill out special warranty deed

1. To fill out a special warranty deed, follow these steps: 1. Start by including the date at the top of the deed.
2. Identify the parties involved in the deed. This includes the grantor, who is the current property owner, and the grantee, who is the new owner.
3. Describe the property being transferred. Provide the legal description of the property, including any survey or parcel numbers.
4. Include any relevant terms or conditions of the transfer. This may include any existing liens, encumbrances, or restrictions on the property.
5. Have the deed signed by the grantor in the presence of a notary public.
6. Record the deed with the appropriate county or local government office. Pay any required fees for recording.
7. Provide a copy of the recorded deed to the grantee for their records.

Who needs special warranty deed?

1. A special warranty deed may be needed in the following situations:
2. - Real estate transactions where the grantor wants to limit their liability for any title defects or claims that may arise only during their ownership.
3. - Transfer of property between family members or within a trust.
4. - Sales or transfers of real estate from a company or entity to a new owner.
5. - Transactions involving commercial properties or investment properties.

What is SPECIAL WARRANTY DEED - Chicago Title Form?

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Template SPECIAL WARRANTY DEED - Chicago Title instructions

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What is special warranty deed?

A special warranty deed is a type of deed in which the seller (grantor) guarantees that they hold title to the property and have the right to convey it, but only for the period during which they owned the property. It does not protect against claims or liens that may have arisen before the grantor owned the property.

Who is required to file special warranty deed?

Typically, the seller or grantor is required to file the special warranty deed with the appropriate governmental office, such as the county recorder or land registry office, after the property transaction has taken place.

How to fill out special warranty deed?

To fill out a special warranty deed, the grantor must provide their name and address, the name and address of the grantee (buyer), a legal description of the property, the consideration (purchase price), and any applicable covenants or warranties. It must be signed by the grantor and properly notarized.

What is the purpose of special warranty deed?

The purpose of a special warranty deed is to provide a limited assurance to the grantee that the grantor has not created any encumbrances or issues on the property during their ownership, while limiting liability for any issues that arose before the grantor's ownership.

What information must be reported on special warranty deed?

The information that must be reported on a special warranty deed includes the names and addresses of both the grantor and grantee, a legal description of the property, the date of the transaction, the consideration amount, and the signatures of the involved parties with notarization.