Bronx New York Warranty Deed from Corporation to Husband and Wife

• Category: New York Real Estate - Deeds - Warranty
• State: New York
• Control #: NY-010-78
• Format: Word; Rich Text

Description

This Warranty Deed from Corporation to Husband and Wife form is a Warranty Deed where the Grantor is a corporation and the Grantees are husband and wife. Grantor conveys and warrants the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all applicable state statutory laws. A Bronx New York Warranty Deed from Corporation to Husband and Wife is a legal document that transfers ownership of real property from a corporation to a married couple. This type of deed ensures that the corporation guarantees clear title to the property and will defend against any claims or disputes. Here are the various types of warranty deeds associated with this transaction: 1. General Warranty Deed: This type of deed provides the highest level of protection for the buyer. It guarantees that the corporation holds clear and marketable title to the property, and if any issues arise, the corporation is responsible for defending against them. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only guarantees that the corporation has not caused any defects in the title during their ownership. They are not responsible for any pre-existing title issues that may have occurred before their acquisition. 3. Statutory Warranty Deed: This type of warranty deed is recognized and regulated by specific state statutes, ensuring that the corporation has fully met all legal requirements when transferring the property to the husband and wife. It offers protection against any undisclosed claims or defects that may have arisen during the corporation's ownership. 4. Bargain and Sale Deed: A bargain and sale deed is commonly used when the corporation has acquired the property through foreclosure, tax sale, or bankruptcy. It conveys the property "as is" without any warranties, except that the corporation has the right to sell it. 5. Quitclaim Deed: While not a warranty deed, a quitclaim deed may also be utilized in this transaction. It conveys the corporation's interest in the property to the husband and wife but provides no guarantees regarding the state of the title. It's typically used when there is a high level of trust between the parties involved. In a Bronx New York Warranty Deed from Corporation to Husband and Wife, it is crucial to include details such as the legal names of the husband and wife, the legal description of the property, the consideration for the transfer, and the signatures of authorized representatives from both the corporation and the couple. It is advisable to consult with a real estate attorney or a title company specializing in Bronx, New York, to ensure the accuracy and legality of the document.

A Bronx New York Warranty Deed from Corporation to Husband and Wife is a legal document that transfers ownership of real property from a corporation to a married couple. This type of deed ensures that the corporation guarantees clear title to the property and will defend against any claims or disputes. Here are the various types of warranty deeds associated with this transaction: 1. General Warranty Deed: This type of deed provides the highest level of protection for the buyer. It guarantees that the corporation holds clear and marketable title to the property, and if any issues arise, the corporation is responsible for defending against them. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only guarantees that the corporation has not caused any defects in the title during their ownership. They are not responsible for any pre-existing title issues that may have occurred before their acquisition. 3. Statutory Warranty Deed: This type of warranty deed is recognized and regulated by specific state statutes, ensuring that the corporation has fully met all legal requirements when transferring the property to the husband and wife. It offers protection against any undisclosed claims or defects that may have arisen during the corporation's ownership. 4. Bargain and Sale Deed: A bargain and sale deed is commonly used when the corporation has acquired the property through foreclosure, tax sale, or bankruptcy. It conveys the property "as is" without any warranties, except that the corporation has the right to sell it. 5. Quitclaim Deed: While not a warranty deed, a quitclaim deed may also be utilized in this transaction. It conveys the corporation's interest in the property to the husband and wife but provides no guarantees regarding the state of the title. It's typically used when there is a high level of trust between the parties involved. In a Bronx New York Warranty Deed from Corporation to Husband and Wife, it is crucial to include details such as the legal names of the husband and wife, the legal description of the property, the consideration for the transfer, and the signatures of authorized representatives from both the corporation and the couple. It is advisable to consult with a real estate attorney or a title company specializing in Bronx, New York, to ensure the accuracy and legality of the document.