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Arizona Special Warranty Deed from Individual to Individual

Special Warranty Deed

Name: Arizona Special Warranty Deed from Individual to Individual
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.77 (277 reviews)

Category:

Arizona Real Estate - Deeds - Special Warranty

State:

Arizona

Control #:

AZ-040-78

Format:

Instant download

Description

This form is a Special Warranty Deed where the Grantor is an individual and the Grantee is an Individual. Grantor grants and coveys the described property to Grantee. Grantor warrants and will defend the property against only those claiming by, through or under Grantor and not otherwise. This deed complies with all state statutory laws.

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How to fill out Arizona Special Warranty Deed From Individual To Individual?

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FAQ

If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.

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

In order to make the Warranty Deed legally binding, the Seller needs to sign it front of a notary public. Then signed and notarized deed must be filed at the city or county office for recording property documents. Before filing with this office all previously billed property taxes must be paid in full.

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.

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.

Special warranties allow the transfer of property title between seller and buyer. The purchase of title insurance can mitigate the risk of prior claims to the special warranty deed.

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.

To sign over property ownership to another person, you'll use one of two deeds: a quitclaim deed or a warranty deed.

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.

Special Warranty Deed

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FAQ

How do I add my spouse to my warranty deed?

Does a warranty deed prove ownership?

How do I write a warranty deed?

Does a warranty deed mean you own the property?

Who keeps original warranty deed?

Does a special warranty deed transfer ownership?

Is a special warranty deed bad?

Can you sign a deed over to someone else?

Why would you use a special warranty deed?

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