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Mississippi Warranty Deed from Individual to a Trust

Warranty Deed Mississippi

Name: Mississippi Warranty Deed from Individual to a Trust
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.74 (280 reviews)

Category:

Mississippi Real Estate - Deeds - Warranty

State:

Mississippi

Control #:

MS-015-77

Format:

Instant download

Description

This form is a Warranty Deed where the grantor is an individual and the grantee is a trust. Grantor conveys and warrant the described property to trustee of trust 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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FAQ

Once signed and notarized, a Mississippi deed must be recorded. The deed must be presented to the Recorder of Deeds in the county where the property is located. The transfer takes effect when signed and accepted by the grantee. However, recording provides notice to the public that the property was transferred.

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.

The Mississippi general warranty deed is used to transfer real property in Mississippi with a guarantee from the seller or grantor that the property is free from hidden claims against the title and that the grantor has the legal authority to sell the property.

A trustee deed offers no such warranties about the title.

A warranty deed protects property owners from future claims that someone else actually owns a portion (or all) of their property, while trustee deeds protect lenders when borrowers default on their mortgage loans.

A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.

Trustee's deeds convey real estate out of a trust.This type of conveyance is named for the person using the form the trustee who stands in for the beneficiary of the trust and holds title to the property.

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.

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.

Warranty Deed Mississippi

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FAQ

How do I transfer a deed in Mississippi?

Who prepares a warranty deed?

What is a warranty deed in Mississippi?

Can a trustee give a warranty deed?

Is a trustee's deed a warranty deed?

What is the purpose of a warranty deed?

What does trustee's deed mean?

Does a warranty deed mean you own the property?

Who keeps original warranty deed?

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Warranty Deed Mississippi

Description

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How to fill out Mississippi Warranty Deed From Individual To A Trust?

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