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West Virginia Warranty Deed where a Limited Partnership or LLC is the...

Limited Liability Company

Name: West Virginia Warranty Deed where a Limited Partnership or LLC is the Grantor, or Grantee
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.63 (400 reviews)

Category:

West Virginia Real Estate - Deeds - Warranty

State:

West Virginia

Control #:

WV-SDEED-7

Format:

Instant download

Description

This form is a Warranty Deed where the grantor and/or grantee could be a limited partnership or LLC.

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How to fill out West Virginia Warranty Deed Where A Limited Partnership Or LLC Is The Grantor, Or Grantee?

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FAQ

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 deed must be signed by all grantors, in front of a qualified notary, and notarized by the notary to be complete. Contact the local county recorder's office to find out what type of notaries are allowed to notarize deeds and where the notaries are located.

The answer is yes. Parties to a transaction are always free to prepare their own deeds. If you do so, be sure your deed measures up to your state's legal regulations, to help avert any legal challenge to the deed later.

To make the form legally binding, you must sign it in front of a notary public. You must then file your signed and notarized deed with the county office that's in charge of recording property documents. Once the grantee signs the warranty deed, he/she legally has ownership and claim to the property.

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

Contrary to normal expectations, the Deed DOES NOT have to be recorded to be effective or to show delivery, and because of that, the Deed DOES NOT have to be signed in front of a Notary Public. However, if you plan to record it, then it does have to be notarized as that is a County Recorder requirement.

Failure to record a deed effectively makes it impossible for the public to know about the transfer of a property. That means the legal owner of the property appears to be someone other than the buyer, a situation that can generate serious ramifications.

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.

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How to fill out West Virginia Warranty Deed Where A Limited Partnership Or LLC Is The Grantor, Or Grantee?

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FAQ

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

How do you notarize a warranty deed?

Can you prepare your own warranty deed?

How do you sign a warranty deed?

Does a warranty deed prove ownership?

Does a warranty deed need to be recorded?

What happens if you don't record a deed?

Who keeps original warranty deed?

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