Warranty Deed Vs Grant Deed In Phoenix

State:
Multi-State
City:
Phoenix
Control #:
US-00186
Format:
Word; 
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Description

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.

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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.

Mississippi Attorney Involvement Attorneys must prepare every legal document not prepared by a party to the transaction, including Warranty Deeds, Promissory Notes and Deeds of Trust, etc. Non-Attorneys may conduct closings but may not give legal advice.

A warranty deed alone does not prove ownership. It represents the transfer of ownership rights but must be recorded with the county recorder's office to finalize the ownership change.

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.

Using a general warranty deed You may be able to obtain the form by searching your state's statutes or state website. You also can use an online services provider, if you want assistance in creating a general warranty deed. Once you obtain the correct form, you must fill it in completely.

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.

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

The signer requirements for an Arizona general warranty deed include the grantor or seller signing the deed in the presence of a Notary Public. If the grantor is married, it is also imperative that the spouse signs the deed to acknowledge the property transfer.

Documents recorded with the Maricopa County Recorder's Office are available and searchable through the Maricopa County Recorded Document Search. To locate a copy of your deed, search using your last name and first name. If you know when you recorded your document, you can use the dates to narrow your search.

More info

The main difference between a grant deed vs. Warranty deed is the level of protection offered.Unlike a general warranty deed, a special warranty deed doesn't cover title claims over the property's entire history. A warranty deed transfers your ownership and explicitly promises the buyer that you have good title to the property. A Beneficiary Deed works a little differently. The grant deed is similar to a warranty deed but does not include additional guarantees. A warranty deed pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it. Grant deeds are considered better than quitclaim deeds , but less desirable than general warranty deeds . A Warranty Deed is the best type that a purchaser of property can get. In a warranty deed, the seller guarantees they hold a clear title to the property and are legally able to transfer it.

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Warranty Deed Vs Grant Deed In Phoenix