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Ohio General Warranty Deed

Ohio Warranty Deed

Name: Ohio General Warranty Deed
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.59 (435 reviews)

Category:

Ohio Real Estate

State:

Ohio

Control #:

OH-LR018

Format:

Instant download

Description

Warranty deeds provide the purchaser of the property with the highest form of protection, and are often used when a buyer wants to get financing for a mortgage or title insurance. This form is used by an unmarried person as the Grantor and the Grantee is a limited liability company.

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FAQ

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.It is even possible that the Grantor does not have any title or ownership interest at all!

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 general warranty deed transfers real property from the buyer to the seller with the guarantee that the seller holds clear, unencumbered legal title to the property.A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.

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.

A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete chain of ownership; and.

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.

A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of a property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.

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

Ohio Warranty Deed

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FAQ

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

Why would someone have a special warranty deed?

What is a general warranty deed in real estate?

Who keeps original warranty deed?

What is a general warranty deed used for?

Is a general warranty deed the same as a deed?

What is the purpose of a general warranty deed?

Does a warranty deed prove ownership?

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