The General Warranty Deed is a legal document used to transfer property ownership from multiple grantors to a single grantee. This deed provides a guarantee that the property is free of any claims or encumbrances, ensuring that the grantee receives clear title. Unlike other deeds, a General Warranty Deed protects the grantee against any future claims related to the property's ownership, making it a reliable choice for real estate transactions.
This form is needed when individuals wish to sell or transfer ownership of real estate, ensuring that the buyer receives a clear title with full legal protection. It is commonly used in residential real estate transactions, especially when multiple sellers are involved in the transfer.
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The Texas warranty deed is a form of deed that provides an unlimited warranty of title.In Texas, warranty deeds are often used: When a buyer is purchasing residential property from a seller for full value; When the buyer does not intend to purchase title insurance; or.
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.
As a property owner and grantor, you can obtain a warranty deed for the transfer of real estate through a local realtor's office, or with an online search for a template. To make the form legally binding, you must sign it in front of a notary public.
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