Download As Text Legal South Carolina Warranty Forms For Free

What Are The Dangers Of A Special Warranty Deed? Property debts are tied to the property's title, so buyers agreeing to a special warranty deed assume all responsibility for any liens or claims against the property that may have existed prior to the seller's ownership.

A special warranty deed?also known as a limited warranty deed?is a variation of the general warranty deed. While the word "special" may communicate to a buyer the idea that the deed is of higher quality, the special warranty deed is less comprehensive. It offers less protection due to the limited timeframe it covers.

A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete ?chain of ownership?; and.

A South Carolina special warranty deed is a written instrument transferring a property interest from the current owner (the grantor) to a new owner (the grantee) with limited warranty of title. Warranty of title is the current owner's guaranty that a deed conveys real estate with a valid, clear title.

Along with vesting the property with the new owner and defining the warranty, a general warranty deed must satisfy South Carolina's general requirements for a valid conveyance. All South Carolina deeds must include the current owner's signature?acknowledged before a notary?and signatures of two witnesses.

A South Carolina Power of Attorney (PoA) is a legal document that grants a selected person or organization the authority to handle your finances, such as accessing your bank account(s), buying or selling property, and signing contracts.