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An Idaho special warranty deed transfers possession of a property to a buyer (the "grantee") with the promise that the land is free of any encumbrances made by the seller (the "grantor"). An encumbrance is a third-party claim against the property's title, such as a mortgage, easement, or lien.
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.
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.
To complete your property title transfer in Texas, the deed needs to be signed by the seller or grantor in front of a notary. Once the document has been properly acknowledged, it should be filed with the county clerk's office in the county where the property is located.
How do you file a warranty deed in Florida? A properly executed warranty deed is filed, or recorded, in the official records of the county where the property is located. The county records office will scan and stamp the deed. The records office will return the original to the property buyer.
An Idaho special warranty deed is used for purposes between a quit claim deed and a general warranty deed. It provides a measure of guarantee from the seller to the buyer, but not a full guarantee.
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.
Idaho does not offer a statutory form for a deed. Common deeds in this state are the warranty deed and quitclaim deed. A warranty deed includes covenants of title while a quitclaim deed does not. Any person, whether citizen or alien, can take, hold, and dispose of real or personal property in Idaho (55-103).