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Arkansas Special Warranty Deed

Special Warranty Deed

Name: Arkansas Special Warranty Deed
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.77 (453 reviews)

Category:

Arkansas Real Estate - Deeds - Special Warranty

State:

Arkansas

Control #:

AR-LR041T

Format:

Instant download

Description

This form is a Special Warranty Deed where the Grantors are husband and wife and the Grantee is a Trust. Grantors convey and specially warrant the described property to the Grantee.

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FAQ

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.

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.

The Arkansas special warranty deed is a type of deed that only warrants that the seller has not conveyed his or her interest in the property to another, but does not warrant that he or she holds clear title to the property.

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.

This can give you full confidence to buy because you know that should any claims against the property or liens arise, it can hold the seller legally liable.A special warranty deed only serves as a guarantee that there are no problems with the title outstanding from when the current seller owned the property.

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.

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.

The Arkansas general warranty deed is a deed that allows a grantor (seller) to transfer his or her real property to a grantee (purchaser) in the State of Arkansas.Per State law, a warranty deed must contain the words grant, bargain and sell when stating how the property is being transferred.

Special Warranty Deed

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

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Does a warranty deed mean you own the property?

Should I buy a house with a special warranty deed?

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

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What is a warranty deed in Arkansas?

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