This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.
Alabama Warranty Deed from two Individuals to Corporation
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State:
Alabama
Control #:
AL-05-78
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FAQ
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.
The Alabama statutory warranty deed form provides a limited warranty of title. With a statutory warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.
Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.
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.
Quit Claim Deeds in Alabama So not only is the grantor not guaranteeing that there are no liens or encumbrances on the property, they aren't even guaranteeing they own the property. Our local property deed attorneys are currently charging $250 to prepare your quit claim deed for you to record yourself.
The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owner's interest in the property.
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.
Find the most recent deed to the property. Create the new deed. Sign and notarize the deed. Record the signed, notarized original deed with the Office of the Judge of Probate.
Quit Claim Deeds in Alabama It is called a Quitclaim Deed because when the grantor transfers the property to the buyer (i.e., the grantee), it terminates the grantor's rights and claims to the property. Unlike with Warranty Deeds, Quitclaim Deeds contain no title covenants.