Arizona Warranty Deed for Surface and Mineral Interests
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How to fill out Warranty Deed For Surface And Mineral Interests?
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Cons: Fewer protections for buyers, who are now responsible for addressing any previous liens or claims for the property. Lenders and title companies may refuse to help buyers secure financing or title insurance for a property sold under special warranty.
An Arizona general warranty deed is a property transfer tool where the grantee (buyer) receives property with the promise from the grantor (seller) that the title is free and clear of any defects. Defects could include mechanics liens against the title, outstanding mortgages, and easements.
General Warranty Deed It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home ? even dating back to prior property owners. This quality of coverage is why most lenders will require you to get a general warranty deed when buying your house.
The main difference between a grant deed vs. warranty deed is the level of protection offered. A warranty deed offers a higher level of protection than a grant deed. With a grant deed, the grantor is guaranteeing that they haven't sold the property to anyone else, and that it is clear of any liens or restrictions.
General Warranty Deed in Arizona A general warranty deed is the most common type of deed used when real property is purchased. The deed includes a guarantee from the grantor (seller) that they hold the title free and clear without any encumbrances on the property.
Unlike a general warranty deed, a special warranty deed doesn't cover title claims over the property's entire history. It only guarantees against title issues that occurred when the seller owned the home.
Mineral Deed for Real Estate Located in Arizona The General Mineral Deed in Arizona transfers oil, gas, and mineral rights from the grantor to the grantee. THIS IS NOT A LEASE. There are no Exceptions or Reservations included. The transfer includes the oil, gas and other minerals of every kind and nature.