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.

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.

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.

Special Warranty Deeds are frequently used in commercial real estate transactions and foreclosure sales. In commercial transactions, sellers might prefer this type of deed to limit their liability to issues they directly caused.

You can obtain a warranty deed through your real estate agent's office or download an online template. All warranty deeds must include the date of the transaction, the name of the parties involved, a legal description of the property being transferred, a list of title defects and the signatures of the buyers.

Please note: South Carolina is an Attorney State when it comes to Deed preparation. Any preparation by an individual is considered an unauthorized practice of law. UCC Forms - Click on the SC Secretary of State's Web site below.

Once you obtain the correct form, you must fill it in completely. Both the grantor and the grantee must sign it, usually in the presence of a notary. Then the deed must be filed in the county registrar's office to be legally enforceable.

In Illinois, a special warranty deed transfers title to the grantee with limited warranties and covenants of title and is the form of deed customarily used in commercial real estate transactions.

More info

SPECIAL WARRANTY DEED (Corporation to Individual) (Illinois). You can fill that out, have your signature notarized, and take it to the Register of Deeds in the county where the property is located to have it recorded.How to Edit and draw up Texas Special Warranty Deed Online. An Illinois special warranty deed is a document that conveys property while assuring that the seller (grantor) has the right to sell. A Special Warranty Deed is a document that transfers title with both express and implied warranties. We recommend this free New York quitclaim deed form. This form is a printable PDF with all the sections to be filled in to create a legally bonding quitclaim. TX Deed-Special Warranty (Cash) 1. Each of these details should be filled out after each of their names. Step 5: State the warranty deed's consideration.

Texas State Bar Form Special Warranty Deed In Illinois

Description

Related forms

Viewed forms

Show more info

Form Rating

Form popularity

FAQ

Where do I file a special warranty deed?

What are the disadvantages of a special warranty deed?

What is the difference between a warranty deed and a special warranty deed in Texas?

Why would a seller want a special warranty deed?

Who prepares a special warranty deed?

Does an attorney have to prepare a deed in SC?

Where do you file a warranty deed?

What is a special warranty deed in Illinois?

More info

Trusted and secure by over 3 million people of the world’s leading companies