What is how to fill out a warranty deed?
Filling out a warranty deed is a process that legally transfers property ownership from one party to another. It is an important document used to protect the buyer's interests and ensure the property has a clear title. By properly completing a warranty deed, both the buyer and the seller can have peace of mind knowing that the transaction is legally binding and all necessary information has been recorded.
What are the types of how to fill out a warranty deed?
There are a few different types of warranty deeds that can be used depending on the specific circumstances. These include:
General Warranty Deed: This type of deed provides the highest level of protection to the buyer. It guarantees that the seller owns the property, has the right to sell it, and that there are no outstanding liens or claims against the property.
Special Warranty Deed: This type of deed also guarantees that the seller owns the property and has the right to sell it, but only warrants against claims that arose during the seller's ownership of the property.
Quitclaim Deed: A quitclaim deed is the least protective of the buyer. It only transfers whatever rights the seller has in the property, without making any warranties or guarantees about the property's title.
How to complete how to fill out a warranty deed?
Completing a warranty deed may seem complex, but with the right guidance, it can be a straightforward process. Here are the steps to follow:
01
Obtain a blank warranty deed form. This form can often be obtained from your local county clerk's office or online from reputable legal websites.
02
Fill in the names and addresses of the grantor (seller) and grantee (buyer), as well as a description of the property being transferred.
03
Include any necessary legal language required by your state's laws. This may include specific wording for the warranty being provided.
04
Sign the warranty deed in the presence of a notary public. Both the grantor and grantee should sign the document.
05
Record the warranty deed with the appropriate county office. This ensures that the transfer of ownership is a matter of public record.
06
Provide a copy of the recorded warranty deed to the grantee for their records.
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