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Seller is Responsible There could be a lien from 1956, but the seller is still responsible for reimbursing or paying damages to the buyer because of a general warranty deed's breadth. These types of deeds make the seller liable for any and all title issues all the way back to when Texas first became a state!
A warranty deed or quit claim deed TRANSFERS TITLE or OWNERSHIP of real property. When you purchase property, you usually receive a warranty deed from the seller to you to show that you now own the property.
As a property owner and grantor, you can obtain a warranty deed for the transfer of real estate through a local realtor's office, or with an online search for a template. To make the form legally binding, you must sign it in front of a notary public.
Warranty Deeds are the basic staple of real estate property transfers in Texas. These deeds are commonly used to transfer ownership of a house or other real estate between a Seller and a Buyer. Be advised that the Seller needs to be alive and legally competent to sign documents.
A Delaware special warranty deed is used to transfer land and buildings to another person or entity. It does not guarantee that there is clean title going back past the current owners ? only that the current owners have not transferred their interest in the property to anyone or otherwise encumbered the property.
So, a deed, including warranty deeds and grant deeds, must always be notarized by a notary public and filed in the public records, usually with the county clerk's office; it may also need to be witnessed. This is why you should hire a notary who can render notary services to meet your needs.
A warranty of title is a guarantee by a seller to a buyer that the seller has the right to transfer ownership and no one else has rights to the property. In addition, a warranty of title may be used to guarantee that no other party has copyright, patent or trademark rights in the property being transferred.
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 statement that the grantor is transferring the property to the grantee.