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Utah Warranty Deed from Corporation to Two Individuals

Warranty Deed

Name: Utah Warranty Deed from Corporation to Two Individuals
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.84 (447 reviews)

Category:

Utah Real Estate - Deeds - Warranty

State:

Utah

Control #:

UT-014-78

Format:

Instant download

Description

This Warranty Deed from Corporation to Two Individuals form is a Warranty Deed where the Grantor is a corporation and the Grantees are two individuals. Grantors conveys and warrants the described property to Grantees 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.

LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate

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FAQ

A special warranty deed is a deed to real estate where the seller of the propertyknown as the grantorwarrants only against anything that occurred during their physical ownership. In other words, the grantor doesn't guarantee against any defects in clear title that existed before they took possession of the property.

A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.

Corporate warranty deeds offer the seller's guarantee to the buyer in regards to the validity of the chain of title. Generally, special warranty deeds only protect against problems occurring since the seller purchased the property.

A special warranty deed to real estate offers protection to the buyer through the seller's guarantee that the title has been free and clear of encumbrances during their ownership of the property. It does not guarantee clear title beyond their ownership.

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.

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.

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.

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

A warranty deed is a higher level of protection produced by the seller upon the real estate closing. It includes a full legal description of the property, and confirms the title is clear and free from all liens, encumbrances, or title defects. Most property sales make use of a warranty deed.

Warranty Deed

Description

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How to fill out Utah Warranty Deed From Corporation To Two Individuals?

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FAQ

What is a special corporate warranty deed?

What is the difference between a statutory warranty deed and a warranty deed?

What is a corporation warranty deed?

Why would you use a special warranty deed?

Does a special warranty deed transfer ownership?

What is the purpose of a warranty deed?

Who keeps original warranty deed?

Does a warranty deed prove ownership?

Is a warranty deed and a title the same thing?

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Warranty Deed

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How to fill out Utah Warranty Deed From Corporation To Two Individuals?

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