Arkansas Sample Letter for Warranty Deed - Request for Signature
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How to fill out Sample Letter For Warranty Deed - Request For Signature?
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FAQ
An Arkansas special warranty deed transfers property with a partial warranty?often called a limited warranty or special warranty. The seller guarantees a good, clear title to the property, but the guarantee only covers issues that arose while the seller owned the property.
The reality is that, as a buyer, you're engaging in a legal exchange of ownership and property rights, and a warranty deed is an essential part of this transaction. A warranty deed is the means by which ownership of property is transferred, whereas a title is an abstract term that defines property rights.
A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.
In most cases, an Arkansas Warranty Deed costs $300 to prepare, and $15 for the first page and $5 for each additional page in recording costs. For a typical warranty deed, the total cost is $320 (a $300 lawyer fee and $20 in recording fees). Your deed will be prepared and recorded by a licensed Arkansas attorney.
The deed must be acknowledged and notarized by a notary public in Arkansas. Per § 18-12-102 of the Arkansas Code, a warranty deed must contain the words ?grant, bargain, and sell? when stating how the property is being transferred.
An Arkansas warranty deed is a legal document used to transfer ownership of real estate from one party to another in the state of Arkansas. The warranty deed includes a guarantee?called a warranty of title?from the seller (also known as the grantor) to the buyer (also known as the grantee).
When transferring property, a seller (often called the grantor), writes out a deed, transferring property to the buyer (often called the grantee). The deed is then recorded with the recorder in the county in which the property is located.
