Protect Legal West Virginia Warranty Forms For Free

A general warranty deed is a type of West Virginia deed that transfers property with general warranty. 2. A property owner who signs a general warranty deed promises to stand behind the transferred title?defending the new owner's property rights against competing claims.

A special warranty deed is a deed to real estate where the seller of the property?known as the grantor?warrants only against anything that occurred during their physical ownership. In other words, the grantor doesn't guarantee against any defects in clear title that existed before they took possession of the property.

When a buyer purchases property under a special warranty deed, there is the possibility that a prior creditor or owner could make a claim against the property. The best way to protect yourself as a buyer is to buy title insurance when you purchase the property.

A Special Warranty Deed differs from a General Warranty Deed in it only protects the Buyer (Grantee) from breaches of specific warranties caused only by the Seller (Grantor). Therefore, the Special Warranty Deed will not protect the Buyer (Grantor) from issues caused by prior owners.

A Virginia special warranty deed allows the transfer of property ownership with the guarantee that it is free of liens and encumbrances during the grantor's period only. Any claims made before the grantor's ownership period are the responsibility of the grantee (if any exist).

Warranty deed pros and cons Guarantees that the owner has a legal right to sell the property. Can be costly ? from around $100 to several thousand dollars ? depending on the transaction. Shows that the title has no outstanding debt claims or liens.