This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Your deed needs to be filed with your County Clerk's or Recorder's Office. The special warranty deed will become a matter of public record and will be able to be viewed if a title search is conducted.
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 guarantees that the grantor owns and can sell the property. To the best of their knowledge, they are the owner of the property.
To summarize, a Special Warranty Deed states that there were no claims against the property title during the time when the seller or grantor owned it. On the other hand, a General Warranty Deed states that there were no title defects at any point in time.
A special warranty deed guarantees that the grantor owns and can sell the property. To the best of their knowledge, they are the owner of the property. A special warranty deed does not protect you against any mistakes that could have occurred prior to the owner purchasing the property.
Special Warranty Deeds are commonly used when property owners are divorcing or are divorced. Since the parties both own the property, it is acceptable to use a Special Warranty Deed when one owner transfers his or her interest in the property to the other owner.
The main difference between these deeds is that general warranty deeds apply to the entire history of a piece of land while special warranty deeds only cover the period of time that the previous owner (the grantor) has held the land.
Preparation of the Deed: The seller prepares the warranty deed, detailing the grantor's and grantee's information, the legal description of the property, and the statement of conveyance.