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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.
What Is A Special Warranty Deed? A special warranty deed, also known as a limited warranty deed, is used when the seller of a property (grantor) only guarantees that the property incurred no outstanding claims or liens during their physical ownership.
The amount of the fee is based on the amount of the mortgage of the property or the sale price. The preparation cost is charged by the attorney preparing the deed. An experienced attorney will charge between $250 and $600 for the preparation of the warranty deed in most cases.
General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.
A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.
A Florida general warranty deed form?also called a warranty deed?is a type of deed that transfers Florida real estate with a complete warranty of title. 1. A warranty deed guarantees that the transfering owner (the transferor or grantor) has good title to the real estate.
General Warranty Deed prepared for $195 Do you have questions about a General Warranty Deed? Call and speak directly with attorney Scott Steinbach at 972-960-1850. There is no fee for your call.
A deed transferring title to real property from a grantor to a grantee. In Florida, a warranty deed (also called a general warranty deed) provides the grantee with broad warranties and covenants of title and is the customary form of deed used in residential real property transactions.