Indiana Mineral Deed with Limited Warranty
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How to fill out Mineral Deed With Limited Warranty?
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FAQ
In summary, a warranty deed has a lot more legal heft than a quitclaim deed. 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 grantor that signs an Indiana warranty deed guarantees that the grantor owns the property, has the undisputed right to convey the property, and will defend the property against all claims?including claims that arose before the grantor owned the property.
An Indiana special warranty deed is similar to a warranty deed in that it guarantees a seller has a title to sell to a buyer, though it only provides a limited guarantee. The guarantee is limited to the grantor's ownership of the property and not any previous ownership.
A limited warranty deed transfers legal title to real property. However, this type of deed does not promise clear title; it only guarantees the title for the period during which the grantor owned it. Despite this, it is useful in some situations.
A grantor that signs an Indiana warranty deed guarantees that the grantor owns the property, has the undisputed right to convey the property, and will defend the property against all claims?including claims that arose before the grantor owned the property.
A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property. The title is transferred without any amendments or additions.
A warranty deed in this state must be dated and signed, sealed, and acknowledged by the grantor in order to be submitted for recording to a county recorder in Indiana. If warranty deeds are not acknowledged by the grantor, they can be proved before any of the officers listed in 32-21-2-3 of the Indiana Revised Code.
