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Alabama Statutory Warranty Deed

Statutory Warranty Deed Alabama

Name: Alabama Statutory Warranty Deed
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.7 (496 reviews)

Category:

Alabama Real Estate - Deeds - Warranty

State:

Alabama

Control #:

AL-LR019

Format:

Instant download

Description Alabama Statutory Warranty Deed Form

This form is a warranty deed where the Grantor is a Trust, acting by and through two Trustees, to an individual Grantee. Grantors convey the described property to Grantee in compliance with Alabama statutory law.

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What Is A Warranty Deed In Alabama Form Rating

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Alabama Staturoy Warranty Deed Alabama Warranty Deed Form Statutory Deed

FAQ

A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.

A property deed, or house deed, is a legal document that transfers ownership of real estate from the grantor (seller) to the grantee (buyer). Property deeds are the legal tool of defining ownership. When a property or house is sold, the buyer and seller sign the deed to transfer ownership.

Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.

A special warranty deed to real estate offers protection to the buyer through the seller's guarantee that the title has been free and clear of encumbrances during their ownership of the property. It does not guarantee clear title beyond their ownership.

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.

It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating

A general warranty deed covers the property's entire history.With a special warranty deed, the guarantee covers only the period when the seller held title to the property. Special warranty deeds do not protect against any mistakes in a free-and-clear title that may exist before the seller's ownership.

A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.

Statutory Warranty Deed Alabama

Description Alabama Statutory Warranty Deed Form

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What Is A Warranty Deed In Alabama Form Rating

Alabama Warranty Deed Form popularity

Statutory Warranty Deed Form Alabama Other Form Names

FAQ

Does a warranty deed mean you own the property?

What document proves ownership of real estate?

Who keeps original warranty deed?

Why would someone have a special warranty deed?

Is a warranty deed the same as a deed?

Does a warranty deed prove ownership?

What is the difference between statutory warranty deed and special warranty deed?

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

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