This form is a Warranty Deed where the Grantor is a business entity such as a corporation or limited liability company, acting through an attorney, and the Grantees are two individuals or husband and wife. Grantor conveys and warrants the described property to Grantees. This deed complies with all state statutory laws.
Indiana Warranty Deed from Business Entity, through attorney-in-fact, to Two Individuals or Husband and Wife
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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 deed, of course, is a legal document representing property ownership. But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.
The Power of Attorney is able to do anything which is authorized in the document. If there is language in the POA which allows the transfer of real property, the power of attorney is able to transfer the property to himself.
An agent cannot:Make decisions on behalf of the principal after their death.However, unless the principal named a co-agent or alternate agent in the same POA document or is still competent to appoint someone else to act on their behalf, an agent cannot choose who takes over their duties.
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.
Perhaps the most important duty you have as an attorney is the duty to act in the best interests of the donor. Therefore, any gifts or payments you make on the donor's behalf must be in line with their best interests.Attorneys can even make payments to themselves.
A power of attorney agent is not barred by law to sell the property unto himself by following proper procedures. He is selling the property on behalf of his principal in the capacity of his agent/representative and buying it as a buyer.In his absence or at his option, the POA can act.
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 power of attorney enables an agent (also called the attorney-in-fact) to conduct transactions on another person's behalf.If so, a spouse, relative or friend with POA can sign a deed or other real estate documents.