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Alabama Warranty Deed from Corporation

Corporate Warranty Deed

Name: Alabama Warranty Deed from Corporation
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.58 (412 reviews)

Category:

Alabama Real Estate - Deeds - Warranty

State:

Alabama

Control #:

AL-005-05-CP

Format:

Instant download

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Description Warranty Deed Alabama

This type of deed warrants that the grantor, a corporation, is the lawful owner of the property at the time the deed is made and delivered and that the grantor has the right to convey the property to a corporation. The form is available in both word and word perfect formats.

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FAQ

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.

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.

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.

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.

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

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, 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.

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.

The Alabama warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property. The warranty is not limited to the time that the current owner owned the property.

Corporate Warranty Deed

Description Warranty Deed Alabama

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FAQ

Is a warranty deed and a title the same thing?

What is a special corporate warranty deed?

Who keeps the original deed?

What is a corporation warranty deed?

Does a warranty deed prove ownership?

Who keeps original warranty deed?

What is the purpose of a warranty deed?

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

What is a warranty deed in Alabama?

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