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Colorado Special Warranty Deed - Personal Representative to Individual

Special Warranty Deed Colorado

Name: Colorado Special Warranty Deed - Personal Representative to Individual
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.74 (308 reviews)

Category:

Colorado Real Estate - Deeds - Special Warranty

State:

Colorado

Control #:

CO-02-78

Format:

Instant download

Description

This form is a Special Warranty Deed where the grantor is the personal representative of the estate and the grantee is an individual. Grantors convey and specially warrant the described property to the grantee. The grantors only warrant and will defend the property only as to claims of persons claiming by, through or under grantor, but not otherwise. This deed complies with all state statutory laws.

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How to fill out Colorado Special Warranty Deed - Personal Representative To Individual?

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FAQ

Let's start with the definition of a deed: DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.

A seller, when giving a special warranty deed, warrants the buyer's title to the property only against any encumbrances on the property that were created DURING THE PERIOD OF THE SELLER'S OWNERSHIP OF THE PROPERTY.

Used to transfer property rights from a deceased person's estate. Involves Probate Court. Like a Quit Claim deed, there are no warranties. Generally, the Personal Representative is unwilling to warrant or promise anything relating to property that he/she has never personally owned.

A personal representative deed and warranty deed are the same only in that they both convey ownership of land. The types of title assurance that the different deeds provide to the new owner are very different.

In order to provide finality to the termination of a trust or the closing of an estate, the form of deed given by a personal representative or a trustee simply calls for the seller to convey as opposed to convey and warrant the property.Again, all the buyer gets is whatever the trust or estate owned.

In Colorado, the person approved or appointed by the probate court to administer a decedent's estate is called a personal representative. The personal representative has a fiduciary duty to settle the decedent's estate.Use the personal representative's deed of sale to convey real property to a purchaser.

In a Non-Warranty Deed, the seller gives no warranties.In a Non-Warranty or Quitclaim Deed, the seller merely is giving the buyer whatever rights, if any, that the seller has in the property and the seller makes no warranties of any nature about the seller's rights in the property.

It will not protect against title issues that arose prior to the time the seller took occupancy. Consequently, it offers less protection to buyers, and more protection to sellers, than a general warranty deed, which is the most common option for selling or buying a property.

Special Warranty Deed Colorado

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Is a warranty deed the same as a deed?

What is a special warranty deed in Colorado?

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Is a personal representative deed the same as a warranty deed?

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What is a personal representative deed Colorado?

What is the difference between a warranty deed and a non warranty deed?

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