Prepare Legal Wyoming Warranty Forms For Free

Who Benefits the Most from Recording a Warranty Deed? The buyer, or grantee, of a property benefits the most from obtaining a warranty deed.

Cons: Fewer protections for buyers, who are now responsible for addressing any previous liens or claims for the property. Lenders and title companies may refuse to help buyers secure financing or title insurance for a property sold under special warranty.

There are several different types of deeds in Wyoming, including: A general Warranty Deed. This type of deed is warrantying or guaranteeing that the person transferring the property is the legal owner of the property, has the right to transfer the property, and warrantying that they have good title to the property.

General Warranty Deed It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home ? even dating back to prior property owners. This quality of coverage is why most lenders will require you to get a general warranty deed when buying your house.

A deed that transfers Wyoming real estate must be recorded with the county clerk of the county where the property is located. After accepting a deed, the county clerk records the deed and endorses the time and date of recording on the deed.

Warranty deed pros and cons BenefitsDrawbacksShows that the title has no outstanding debt claims or liens.Buyer protection differs between general and special warranty deeds.Can be used to prove ownership to lenders.Does not replace title insurance, which may be necessary with a special warranty deed.1 more row ?