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Colorado Special Warranty Deed from a Husband...

Special Warranty Deed Colorado

Name: Colorado Special Warranty Deed from a Husband, Wife and an Individual to an Individual
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.72 (449 reviews)

Category:

Colorado Real Estate - Deeds - Special Warranty

State:

Colorado

Control #:

CO-020-78

Format:

Instant download

Description

This form is a Special Warranty Deed where the Grantors are husband, wife and an individual and the Grantee is an individual. Grantors convey and specially warrant the described property to the Grantee. The Grantors only warrant and will defend the property only as to claims of persons claiming by, through or under Grantors, but not otherwise. This deed complies with all state statutory laws.

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How to fill out Colorado Special Warranty Deed From A Husband, Wife And An Individual To An Individual?

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FAQ

A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of a property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.

A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.

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.

A seller, when giving a special warranty deed, warrants the buyer's title to the property only against any encumbrances on the property that were created DURING THE PERIOD OF THE SELLER'S OWNERSHIP OF THE PROPERTY.

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.

A general warranty deed covers the property's entire history.The general warranty deed assures the buyer they are obtaining full rights of ownership without valid potential legal issues with the title. With a special warranty deed, the guarantee covers only the period when the seller held title to the property.

A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous 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.

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.

Special Warranty Deed Colorado

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