Warranty Deed Remove Initials Field For Free

A special warranty deed only serves as a guarantee that there are no problems with the title outstanding from when the current seller owned the property. It's possible with this type of deed that someone else could come along who had a claim to the property or a lien existing from some long-unpaid debt.

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 defective title is a title that is impaired with a lien, mortgage, judgment, or another claim. Defective titles are considered unmarketable, so the asset in question cannot be transferred or sold legally. Any encumbrances on a defective title must be cleared before the owner can sell the asset.

First, so long as you own the property you purchased, you are obligated to pay its property taxes. One way to get a warranty deed to the property you acquired via a foreclosure where you got a quit claim deed for it is to simply deed the property to yourself or a trust that you created as a grant (warranty) deed.

In a deed, the grantor warrants he or she is the rightful property owner and has a legal right to transfer title.There is a guarantee that the title would withstand any third-party claims to ownership of the property. The grantor will do whatever is necessary to make good the grantee's title to the property.

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.

If the misspelled word happens to be either the name of the grantor or grantee, and the grantor refuses to execute a corrective deed, the grantee can petition the court for redress, as long as the court can determine whom the correct parties are by all evidence leading up to the execution of the deed.