Warranty Deed Vs Deed In Tarrant
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FAQ
A warranty deed does not actually prove ownership of a property. The best way to establish ownership is through a title search, which examines public records to determine if any liens, third-party claims, or other issues could affect ownership.
Can I record a document at one of the Tarrant County Subcourthouses? No, land documents are recorded at 100 W. Weatherford St. Room B20 Fort Worth, TX 76196.
While a traditional warranty deed involves a grantor and a grantee, a deed of trust includes three parties. These are the lender (the beneficiary), the borrower (the trustor) and the trustee, a third party that might be a title company.
In Texas, you record your deed with the County Clerk in the county where the property exists. If the property is in more than one county, record it in each. It is important to record your deed.
To start, a “Deed” is the name of the most common document used to transfer title of real estate. And the most common deeds are the General Warranty Deed and the Special Warranty Deed. The primary difference between these two deeds is the extent of the “warranties” the seller is giving to the buyer.
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
Cons of Manufacturer Warranties Limited Coverage Scope: Manufacturer warranties often have limitations on the specific components or issues they cover. Certain parts or conditions may be excluded from the warranty coverage, requiring you to review the warranty terms and conditions carefully.
You can sell as a warranty deed... but this means you are warranting clean title and the buyer can come back to you, you should only provide a warranty deed if there's a title company/title insurance being purchased.
The primary risk associated with a Special Warranty Deed lies in its scope of protection. This deed only covers the period the grantor owned the property, meaning the buyer takes on a risk of potential issues arising from before that period, which the grantor is not obliged to address.
