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South Carolina General Warranty Deed from an Individual to Two...

South Carolina General Warranty Deed

Name: South Carolina General Warranty Deed from an Individual to Two Individuals with a Retained Life Estate in Grantor
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.73 (328 reviews)

Category:

South Carolina Real Estate - Deeds - Warranty

State:

South Carolina

Control #:

SC-028-78

Format:

Instant download

Description

This form is a General Warranty Deed where the Grantors is an individual and the Grantees are two individuals. Grantor conveys and generally warrant the described property to the Grantee. This deed complies with all state statutory laws.

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How to fill out South Carolina General Warranty Deed From An Individual To Two Individuals With A Retained Life Estate In Grantor?

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FAQ

A life estate deed permits the property owner to have full use of their property until their death, at which point the ownership of the property is automatically transferred to the beneficiary.In the right situations, it can be a streamlined and easy way to transfer ownership.

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.

The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.

File a petition in probate court. The first step to transferring the property to the rightful new owners is to open up a case in probate court. Petition the court for sale and convey the property to the purchaser. Next, you must petition the court to sell 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

Can a life estate deed be changed? It is challenging to modify or change a life estate deed. The grantor cannot change the life estate as he or she has no power to do so after creating the life estate deed unless all of the future tenants agree. It requires the permission or consent of every one of the beneficiaries.

South Carolina does not allow real estate to be transferred with transfer-on-death deeds.

After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.

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.

South Carolina General Warranty Deed

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FAQ

Can a life estate be transferred?

Who keeps original warranty deed?

Who prepares a warranty deed?

How do you transfer a deed to a house if the owner dies without a will?

Does a warranty deed prove ownership?

Can a life estate be changed?

Does South Carolina have a transfer on death deed?

What happens to the original warranty deed after it has been recorded?

Who keeps the original deed?

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