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Delaware Warranty Deed from Corporation to Individual

1 Party State Recording

Name: Delaware Warranty Deed from Corporation to Individual
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.84 (441 reviews)

Category:

Delaware Real Estate - Deeds - Warranty

State:

Delaware

Control #:

DE-011-78

Format:

Instant download

Description

This Warranty Deed from Corporation to Individual form is a Warranty Deed where the Grantor is a corporation and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.

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How to fill out Delaware Warranty Deed From Corporation To Individual?

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FAQ

Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.

A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.

It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating

After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.

Special warranties allow the transfer of property title between seller and buyer. The purchase of title insurance can mitigate the risk of prior claims to the special warranty deed.

Transfers of real property must be in writing and notarized. Deeds should be recorded in the county where the property is located. When you are buying property, you also need to choose how you are going to hold title. Co-buyers can take title as joint tenants with right of survivorship or tenants in common.

The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.

The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.

Retrieve your original deed. Get the appropriate deed form. Draft the deed. Sign the deed before a notary. Record the deed with the county recorder. Obtain the new original deed.

1 Party State Recording

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FAQ

Who keeps original warranty deed?

Does a warranty deed mean you own the property?

Does a warranty deed prove ownership?

What happens to the original warranty deed after it has been recorded?

Does a special warranty deed transfer ownership?

How do I transfer a deed in Delaware?

Who keeps the original deed?

Who prepares a warranty deed?

How do I transfer a deed without a lawyer?

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1 Party State Recording

Description

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How to fill out Delaware Warranty Deed From Corporation To Individual?

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