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South Carolina Non-Warranty Deed

Warranty Deed

Name: South Carolina Non-Warranty Deed
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.67 (391 reviews)

Category:

South Carolina Real Estate - Deeds

State:

South Carolina

Control #:

SC-SDEED-9

Format:

Instant download

Description Blank Warranty Deed

This deed is executed by the Master in Equity following a court action where judgment was entered for foreclosure. The property was awarded at auction to the grantee.

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Warranty Deed Meaning Other Form Names

Warranty Deed Form Warranty Deed Document Warranty Deed Definition Warranty Deed Define Warranty Buy Warranty Special Warranty Deed

Quit Claim Deed 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.

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.

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!

Quitclaim Deed. Deed of Trust. Warranty Deed. Grant Deed. Bargain and Sale Deed. Mortgage Deed.

The quitclaim deed, also called a non-warranty deed, offers the grantee the least amount of protection. This type of deed conveys whatever interest the grantor currently has in the property if any.

Non-Warranty Deeds In a Non-Warranty or Quitclaim Deed, the seller merely is giving the buyer whatever rights, if any, that the seller has in the property and the seller makes no warranties of any nature about the seller's rights in the 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 general warranty deed covers the property's entire history.The general warranty deed assures the buyer they are obtaining full rights of ownership without valid potential legal issues with the title. With a special warranty deed, the guarantee covers only the period when the seller held title to the property.

A warranty deed contains a guarantee that the grantor has legal title and rights to the real estate. A quitclaim deed offers little to no protection to the grantee.Warranty deeds ensure that the grantor has the right to sell the property, and guarantees that there are no liens or encumbrances against the land.

Warranty Deed

Description Blank Warranty Deed

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Warranty Deed Meaning Other Form Names

Quit Claim Deed FAQ

Why would someone have a special warranty deed?

When would you use a special warranty deed?

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

What are the four types of deeds?

What deed has the least protection?

What does non-warranty deed mean?

Does a warranty deed mean you own the property?

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

Which is better quit claim deed or warranty deed?

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