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Montana Warranty Deed from Husband and Wife to Husband and Wife

Warranty Deed Montana

Name: Montana Warranty Deed from Husband and Wife to Husband and Wife
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.56 (263 reviews)

Category:

Montana Real Estate - Deeds - Warranty

State:

Montana

Control #:

MT-017-78

Format:

Instant download

Description

This form is a Warranty Deed where the Grantors are husband and wife and the Grantees are also husband and wife. Grantors convey and warrant the described property to the Grantees. The Grantees take the property as tenants in common or joint tenants with the right of survivorship. This deed complies with all state statutory laws.

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FAQ

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 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.

Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.

It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating

They are (1) covenant for seisin; (2) covenant of the right to convey; (3) covenant against encumbrances; (4) covenant for QUIET ENJOYMENT; (5) covenant of general WARRANTY; and (6) covenant for further assurances.

Let's start with the definition of a deed: DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.

A general warranty deed covers the property's entire history.With a special warranty deed, the guarantee covers only the period when the seller held title to the property. Special warranty deeds do not protect against any mistakes in a free-and-clear title that may exist before the seller's 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.

Warranty Deed Montana

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FAQ

Why would someone have a special warranty deed?

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

Who keeps original warranty deed?

Does a warranty deed prove ownership?

What are the five warranties in a general warranty deed?

Is a warranty deed the same as a deed?

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

What is the purpose of a warranty deed?

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