Ohio Sample Letter for Warranty Deed - Recordation in Courthouse
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How to fill out Sample Letter For Warranty Deed - Recordation In Courthouse?
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FAQ
When the transferee presents the deed or instrument of conveyance to the county recorder of the county in which the property is situated, the recorder shall file the deed or instrument of conveyance, and, if the recorder finds that the transferor is entitled to make the transfer under this chapter and Chapter 5310.
A warranty deed is a type of deed where the grantor (seller) guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee (buyer). This is in contrast to a quitclaim deed, where the seller does not guarantee that he or she holds perfect title to a piece of real estate.
General Warranty Deed It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home ? even dating back to prior property owners. This quality of coverage is why most lenders will require you to get a general warranty deed when buying your house.
A special warranty deed?also known as a limited warranty deed?is a variation of the general warranty deed. While the word "special" may communicate to a buyer the idea that the deed is of higher quality, the special warranty deed is less comprehensive. It offers less protection due to the limited timeframe it covers.
An Ohio limited warranty deed form conveys Ohio real estate with a less thorough warranty than a general warranty deed. Where a general warranty deed places the risk of title defects on the current owner, a limited warranty deed divides the risk between the current and new owners.
In a Limited Warranty Deed, the seller guarantees that they have not caused any defects in title during their ownership, but they do not warrant against defects that may have existed before their ownership. Essentially, the seller is only responsible for title issues that occurred while they owned the property.
While it is generally wise to record your deed, Ohio law does not require a deed to be recorded for title to pass from you (the grantor) to a grantee. To transfer title, you must deliver the executed and acknowledged deed to the grantee.
Instructions for filling out deeds Read the entire form carefully. ... Enter all the names of the current owners of the property as the grantors on the deed. Enter all the names of the persons you want to be owners of the property as the grantees. ... Attach the legal description of the property from the prior deed.
