Warranty Deed Insert Watermark
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What is a limited warranty deed?
A limited warranty deed is a legal document that transfers ownership of real property from one person or organization, known as the grantor, to another, the grantee. ... The deed does not offer any guarantees about the condition of the title from the time period before the grantor took ownership.
What is the difference between a limited warranty deed and a warranty deed?
Limited warranty deeds, also known as special warranty deeds, are typically used in commercial real estate transactions. While a general warranty deed guarantees against all encumbrances and claims to title, a limited warranty deed protects only against claims made after the seller obtained title to the property.
What is the difference between a special warranty deed and a limited warranty deed?
The fundamental difference between the two types of deeds is that a General Warranty Deed offers Buyers protection for any and all prior defects in the title; whereas, a Special/Limited Warranty Deed offers Buyers protection against only those defects created by a Seller during the period that the Seller owned the ...
Does a warranty deed mean you own the property?
Understanding the Warranty Deed Warranty deeds are standard for average home sales. That's because a warranty deed not only transfers ownership of a property from one party to another, it also provides the new owner with a "warranty" or guarantee that the title is free and clear of any unknown claims or encumbrances.
What are the limitations of a special warranty deed?
A special warranty deed provides assurance that the property's seller owns the property in question and has not faced any title issues during this ownership. A special warranty deed guarantees that the buyer won't face any legal action or title issues as a result of the actions of the property's previous owner.
What is a limited warranty deed in Georgia?
A Standard Document that is a limited warranty deed (also known as a special warranty deed) transferring title and legal interest in real property from the grantor to the grantee. In Georgia, a limited special warranty deed conveys title in fee simple with limited warranties.
What does a limited warranty deed mean?
A limited warranty deed is a legal document that transfers ownership of real property from one person or organization, known as the grantor, to another, the grantee. ... The deed does not offer any guarantees about the condition of the title from the time period before the grantor took ownership.
What is the difference between a warranty deed and a limited warranty deed?
The fundamental difference between the two types of deeds is that a General Warranty Deed offers Buyers protection for any and all prior defects in the title; whereas, a Special/Limited Warranty Deed offers Buyers protection against only those defects created by a Seller during the period that the Seller owned the ...
What is a warranty deed in Georgia?
General Warranty Deed Form. The Georgia general warranty deed is a form that can be used by a seller to transfer land and buildings to a buyer. This type of deed also includes a guarantee from the seller that he owns the property free and clear and that he has the legal authority to sell the property.
What is a limited warranty deed in SC?
In a limited warranty deed, the grantor will warrant and defend the title to the property to the grantee, the grantee's heirs, successors, and assigns against the said grantor and his successors and assigns.
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