Frisco Texas General Warranty Deed with Vendor's Lien - Individual to Individual

State:
Texas
City:
Frisco
Control #:
TX-066-78
Format:
Word; 
Rich Text
Instant download

Description

This form is a General Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and generally warrants the described property to the grantee. The deed includes provision for a vendor's lien. This deed complies with all state statutory laws.

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  • Preview General Warranty Deed with Vendor's Lien - Individual to Individual
  • Preview General Warranty Deed with Vendor's Lien - Individual to Individual
  • Preview General Warranty Deed with Vendor's Lien - Individual to Individual
  • Preview General Warranty Deed with Vendor's Lien - Individual to Individual
  • Preview General Warranty Deed with Vendor's Lien - Individual to Individual

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FAQ

The first is the well known deed of trust securing the buyer's promissory note (sometimes referred to as the real state lien note). The second is the lesser known vendor's lien retained by the seller in the deed. A vendor's lien is a charge imposed by law to secure the payment of the purchase price for real property.

General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.

A special warranty deed is more limited than a general warranty deed, and it only warrants that title is free and clear from other claims during the time period of the grantor's ownership. It does not offer any protection for claims arising prior to the grantor's ownership.

Special Warranty Deed TX A Special Warranty Deed is a document that transfers title with both express and implied warranties. However, unlike in a General Warranty Deed, the Grantor only warrants the title from the time the Grantor has owned the property.

The most common type of deed used in Texas is a general warranty deed. This type of deed guarantees the title comes without any liens, easements, or other title problems. A general warranty deed also assures the buyer that there will be no issues with the title.

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

A Warranty Deed With Vendor's Lien contains the Seller's guarantees of a warranty deed but with a lien. This deed is part of a seller finance package of documents. It is a transfer of real estate property where a lien for the unpaid purchase price in favor of the Seller is retained.

A general warranty deed is the most beneficial for the home buyer because it provides the greatest amount of protection. It's a guarantee from the current owners (also referred to as grantors) that they have full ownership of the property and have disclosed all encumbrances, liens, easements and judgments.

The Texas special warranty deed form provides a limited warranty of title. With a special warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.

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Frisco Texas General Warranty Deed with Vendor's Lien - Individual to Individual