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Alabama Warranty Deed from Limited Partnership or LLC is the Grantor...

Alabama Limited Liability Company

Name: Alabama Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.56 (297 reviews)

Category:

Alabama Real Estate - Deeds - Warranty

State:

Alabama

Control #:

AL-SDEED-7

Format:

Instant download

Description

This form is a Warranty Deed where the grantor and/or grantee may be a limited partnership or LLC.

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How to fill out Alabama Warranty Deed From Limited Partnership Or LLC Is The Grantor, Or Grantee?

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FAQ

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, 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 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.

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.

A property deed, or house deed, is a legal document that transfers ownership of real estate from the grantor (seller) to the grantee (buyer). Property deeds are the legal tool of defining ownership. When a property or house is sold, the buyer and seller sign the deed to transfer ownership.

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.

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.

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.

Alabama Limited Liability Company

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Does a warranty deed prove ownership?

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What document proves ownership of real estate?

Who prepares a warranty deed?

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

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