Colorado Deed (As to Specified Subsurface Depths)
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FAQ
The general warranty deed assures the buyer they are obtaining full ownership rights without valid potential legal issues with the title. The general warranty deed is the most common and preferred type of instrument used to transfer real estate titles in the United States.
In short, the distinction between the two forms of ?warranty? deeds is that in a general warranty deed, the seller warrants against anything any owner of the property ever did to encumber title and in a special warranty deed the seller only warrants against anything the seller did to encumber title.
DEEDS IN GENERAL It must be in writing; 2. The parties must be properly described; 3. The parties must be competent to convey and capable of receiving the grant of the property; 4. The property conveyed must be described so as to distinguish it from other parcels of real property.; 5.
The four basic deed forms in Colorado are general warranty, special warranty, bargain and sale, and quitclaim. In this order, each provides a decreasing number of title warranties to the buyer.
5 Common Types of Deeds 1) Warranty Deed. A warranty deed gives the grantee the most protections under the law, because it guarantees the warranty of title and against encumbrances. 2) Special Warranty Deeds. ... 3) Bargain and Sale Deeds. ... 4) Quitclaim Deeds. ... 5) Beneficiary Deeds.
General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.
The words "statutory exceptions", when used in any deed, mean that the grantee accepts title to the conveyed property subject to: (I) Real estate taxes for the calendar year in which the conveyance occurred and subsequent years that are not yet due and payable; (II) All matters that are disclosed or that would have ...
A quitclaim deed is the most basic deed and offers the grantee the least amount of protection. It makes no promises about the condition of the title and provides no legal protection if the grantee discovers a default in the title later on during the ownership period.
