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Mississippi Special Warranty Deed

Mississippi Special Warranty Deed

Name: Mississippi Special Warranty Deed
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.74 (234 reviews)

Category:

Mississippi Real Estate - Foreclosures

State:

Mississippi

Control #:

MS-60718

Format:

Instant download

Description Warranty Deed Mississippi

This deed, or deed-related form, is for use in property transactions in the designated state. This document, a sample Special Warranty Deed, can be used in the transfer process or related task. Adapt the language to fit your circumstances. Available for download now in standard format(s). USLF control no. MS-60718

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How to fill out Mississippi Special Warranty Deed?

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Sample Of Warranty Deed Other Form Names

Sample Special Warranty Deed Special Warranty Deed Special Warranty Deed Form Special Warranty Deed Sample Specialty Deed Warranty Deed

FAQ

Special warranty deeds are most commonly used with commercial property transactions. Single-family and other residential property transactions will usually use a general warranty deed. Many mortgage lenders insist upon the use of the general warranty deed.

This can give you full confidence to buy because you know that should any claims against the property or liens arise, it can hold the seller legally liable.A special warranty deed only serves as a guarantee that there are no problems with the title outstanding from when the current seller owned the property.

A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.

A special warranty deed is common when a house has been foreclosed on by a bank because the previous owner did not pay their mortgage.The special warranty deed that the bank provides to the new buyer provides no protection for the period of time before the bank took ownership of the property.

It will not protect against title issues that arose prior to the time the seller took occupancy. Consequently, it offers less protection to buyers, and more protection to sellers, than a general warranty deed, which is the most common option for selling or buying a property.

A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.

A special warranty deed to real estate offers protection to the buyer through the seller's guarantee that the title has been free and clear of encumbrances during their ownership of the property. It does not guarantee clear title beyond their ownership.

A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.

Unlike a warranty deed or special warranty deed, a quitclaim deed makes no assurances whatsoever about the property.For example, in a divorce situation where one spouse deeds the house to the other spouse. Quitclaim deeds are commonly used to transfer real property to an LLC or a living trust.

Mississippi Special Warranty Deed

Description Warranty Deed Mississippi

Special Warranty Deed Form Mississippi Related forms

How to fill out Mississippi Special Warranty Deed?

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Is A Special Warranty Deed Bad Form Rating

Ms Specialty Warranty Deed Tranfers Form popularity

Sample Of Warranty Deed Other Form Names

FAQ

When would you use a special warranty deed?

Should I buy a house with a special warranty deed?

What is the difference between a statutory warranty deed and a warranty deed?

What may be a reason that a special warranty deed is being issued for this transaction?

Is a special warranty deed bad?

Does a warranty deed mean you own the property?

Why would you use a special warranty deed?

What is the purpose of a warranty deed?

What is the difference between a special warranty deed and a quit claim deed?

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