This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
Warranty Deed Vs Grant Deed In Collin
State:
Multi-State
County:
Collin
Control #:
US-00186
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Word;
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FAQ
The main difference between a grant deed vs. warranty deed is the level of protection offered. A warranty deed offers a higher level of protection than a grant deed. With a grant deed, the grantor is guaranteeing that they haven't sold the property to anyone else, and that it is clear of any liens or restrictions.
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.
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
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.
All legal documents are prepared by a Texas licensed attorney. We prepare documents the same day and, in most cases, your document may be prepared and emailed to you within an hour or two.
General Warranty Deed It also assures the seller does not know of any property issues that may arise. A mortgage company typically prepares the general warranty deed. As a home buyer, it's critical to review your local laws to know what a seller should disclose to you during the home buying process.
A warranty deed does not actually prove ownership of a property. The best way to establish ownership is through a title search, which examines public records to determine if any liens, third-party claims, or other issues could affect ownership.
General warranty deeds: A general warranty deed provides the most protection to the buyer but gives the grantor the highest degree of liability. The grantor of a general warranty deed fully warrants good, clear title to the property.
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
More info
A warranty deed offers a higher level of protection than a grant deed. When you're selling or buying a property, it's better to use either general or special warranty deed depending upon the type of guarantee you're looking for.Grant deeds contain two guarantees. First, the grantor states the property has not been sold to anybody else. While a general warranty deed protects the buyer against all possible title defects, a special warranty deed offers a bit less protection for the grantee. A special warranty deed only guarantees that no new problems or encumbrances arose while the grantor owned the property. A warranty deed offers the same promises as a grant deed, and then some. In contrast, a Special Warranty Deed, also known as a limited or grant deed, offers less comprehensive protection. A special warranty deed only warrants against problems in the property title that occurred during ownership of the property. All of the requirements for a Grant Deed are the same as a Warranty Deed.