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Wisconsin Warranty Deed from two Individuals to Corporation

Wisconsin Warranty Deed from two Individuals to Corporation

Name: Wisconsin Warranty Deed from two Individuals to Corporation
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.8 (477 reviews)

Category:

Wisconsin Real Estate - Deeds - Warranty

State:

Wisconsin

Control #:

WI-05-78

Format:

Instant download

Description

This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.

LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate

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How to fill out Wisconsin Warranty Deed From Two Individuals To Corporation?

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FAQ

The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.

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.

The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.

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

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 property deed, or house deed, is a legal document that transfers ownership of real estate from the grantor (seller) to the grantee (buyer). Property deeds are the legal tool of defining ownership. When a property or house is sold, the buyer and seller sign the deed to transfer ownership.

To officially prove ownership of a property, you will require Official Copies of the register and title plan; these are what people commonly refer to as title deeds because they are the irrefutable proof of ownership of a property. Note, this only applies to registered property.

Corporate warranty deeds offer the seller's guarantee to the buyer in regards to the validity of the chain of title. Generally, special warranty deeds only protect against problems occurring since the seller purchased the property.

After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.

Wisconsin Warranty Deed from two Individuals to Corporation

Description

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FAQ

Who keeps the original deed?

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

Who prepares a warranty deed?

Does a warranty deed prove ownership?

Who keeps original warranty deed?

What document proves ownership of real estate?

How do you prove ownership of property?

What is a corporation warranty deed?

What happens to the original warranty deed after it has been recorded?

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Wisconsin Warranty Deed from two Individuals to Corporation

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