This is an official Washington form for use in land transactions, a Statutory Warranty Deed [Fulfillment] (with individual acknowledgment). Available in Word and Rich Text format.
A statutory warranty deed is a legal document used in Alabama to transfer ownership of real property from one party to another. It provides the highest level of protection for the buyer, ensuring that the seller guarantees they have clear title to the property and that there are no undisclosed encumbrances or defects. In Alabama, there are several types of statutory warranty deeds, including: 1. General Warranty Deed: This type of deed provides the buyer with the strongest level of protection. It guarantees that the seller has the legal right to sell the property and that there are no title defects, even if they arose before the seller acquired the property. 2. Limited Warranty Deed: Also known as a special warranty deed, this type of deed guarantees that the seller has the legal right to sell the property and that there are no title defects, but only for the period during which the seller owned the property. It does not cover any defects or encumbrances that may have existed before the seller acquired the property. 3. Quitclaim Deed: While not technically a warranty deed, it is worth mentioning as it is commonly used in real estate transactions in Alabama. A quitclaim deed transfers the seller's interest in the property to the buyer, but it does not provide any warranties or guarantees regarding the title. It simply transfers whatever interest the seller has, if any. When using a statutory warranty deed in Alabama, it is crucial to ensure that all necessary information is included, such as the names and addresses of the buyer and seller, a legal description of the property, the purchase price, any relevant conditions or contingencies, and the signatures of both parties. Additionally, the deed must be notarized and recorded with the appropriate county clerk's office for it to be legally binding and enforceable. In summary, a statutory warranty deed in Alabama is a legally binding document used to transfer ownership of real property. It guarantees that the seller has the legal right to sell the property and that there are no undisclosed title defects or encumbrances. The different types include general warranty deeds, limited warranty deeds, and quitclaim deeds.
