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Virginia Special Warranty Deed from an individual to an individual

Special Warranty Deed Definition

Name: Virginia Special Warranty Deed from an individual to an individual
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.82 (475 reviews)

Category:

Virginia Real Estate - Deeds - Special Warranty

State:

Virginia

Control #:

VA-033-78

Format:

Instant download

Description Warranty Deed Meaning

This form is a Special Warranty Deed where the Grantor is an individual and the Grantee is an Individual. Grantor conveys and specially warrants the described property to the Grantee. This deed complies with all state statutory laws.

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How to fill out Virginia Special Warranty Deed From An Individual To An Individual?

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Virginia Warranty Deed

FAQ

In order to make the Warranty Deed legally binding, the Seller needs to sign it front of a notary public. Then signed and notarized deed must be filed at the city or county office for recording property documents. Before filing with this office all previously billed property taxes must be paid in full.

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.

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.

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

Locate the most recent deed to the property. Create the new deed. Sign and notarize the new deed. Record the deed in the land records of the clerk's office of the circuit court in the jurisdiction where the property is located.

Special warranties allow the transfer of property title between seller and buyer. The purchase of title insurance can mitigate the risk of prior claims to the special warranty deed.

If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.

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 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 Deed Definition

Description Warranty Deed Meaning

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FAQ

How do I write a warranty deed?

Who keeps original warranty deed?

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

Does a warranty deed prove ownership?

How do you transfer a deed in Virginia?

Does a special warranty deed transfer ownership?

How do I add my spouse to my warranty deed?

Does a warranty deed mean you own the property?

Why would you use a special warranty deed?

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