Atlanta Georgia Special Warranty Deed - Individual and Trust to Individual

State:
Georgia
City:
Atlanta
Control #:
GA-030-78
Format:
Word; 
Rich Text
Instant download

Description

This form is a Special Warranty Deed where the Grantors are a Trust and an individual and the Grantee is an individual. Grantors convey and specially warrant the described property to the Grantee. The Grantors only warrant and will defend the property only as to claims of persons claiming by, through or under Grantors, but not otherwise. This deed complies with all state statutory laws.

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  • Preview Special Warranty Deed - Individual and Trust to Individual
  • Preview Special Warranty Deed - Individual and Trust to Individual
  • Preview Special Warranty Deed - Individual and Trust to Individual
  • Preview Special Warranty Deed - Individual and Trust to Individual

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FAQ

A security deed (deed to secure debt) is the customary security instrument in Georgia. Georgia does not use a Deed of Trust. Two witnesses are required to witness the signature of the grantor for a security deed to be recorded.

In Georgia, a limited warranty deed (also known as a special warranty deed) transfers title in fee simple to the grantee with warranties and covenants of title that are limited only to acts arising by, through, or under the grantor.

The transfer of the property is usually in the form of a donation (a gift) or the sale of the property to the child. A written contract must be entered into between the parent and child. The following should be carefully considered and the advice of an expert should be obtained.

The executor will be charged with the duty to cause an ?Executor's Deed? or ?Assent to Devise? to be drafted, executed and filed with the real estate records office where the real estate is located. The ?Executor's Deed? or ?Assent to Devise? formally transfer title from the deceased to the intended beneficiary.

General Warranty Deed forms are under FEES AND FORMS. Warranty Deeds require a PT-61 and payment of transfer tax at the time of recording unless exempt; O.C.G.A. §48-6-1; §48-6-2. PT-61's are available online. Forms must be completed online, printed and submitted with deed at the time of recording.

A security deed (also known as a deed to secure debt, loan deed, or warranty deed to secure debt) is the most common form of securing a financing instrument for real estate loans in Georgia.

Georgia Gift Deed Information. Gift deeds convey title to real property from one party to another with no exchange of consideration, monetary or otherwise. Often used to transfer property between family members or to gift property as a charitable act or donation, these conveyances occur during the grantor's lifetime.

The State of Georgia Transfer Tax is imposed at the rate of $1.00 per thousand (plus $0.10 / hundred) based upon the value of the property conveyed. Example: A property selling for $550,000.00 would incur a $550.00 State of Georgia Transfer Tax.

Here are the steps to completing a deed transfer in Georgia: Names the Current Owner and New Owner. Contains a Description of the Property. Signed by Current Owner. Two Witnesses: Unofficial Witness & Notary Public. Complete a PT-61, Transfer Tax Form. Record Deed in County Real Estate Records.

A Georgia deed of trust transfers a borrower's property title to a third-party trustee as collateral for a loan secured from a moneylender.

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Atlanta Georgia Special Warranty Deed - Individual and Trust to Individual