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Maryland Warranty Deed from Individual to Individual

Warranty Deed Form

Name: Maryland Warranty Deed from Individual to Individual
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.71 (445 reviews)

Category:

Maryland Real Estate - Deeds - Warranty

State:

Maryland

Control #:

MD-02-78

Format:

Instant download

Description Warranty General Form

This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee 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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Warranty Deed General Form Other Form Names

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Warranty Deed Form Online FAQ

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.

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.

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 guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.

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.

Used to transfer property rights from a deceased person's estate. Involves Probate Court. Like a Quit Claim deed, there are no warranties. Generally, the Personal Representative is unwilling to warrant or promise anything relating to property that he/she has never personally owned.

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.

A personal representative deed and warranty deed are the same only in that they both convey ownership of land. The types of title assurance that the different deeds provide to the new owner are very different.

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

Warranty Deed Form

Description Warranty General Form

Warranty Deed Form Template Related Forms

How to fill out Warranty Deed Form Printable?

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Warranty Deed Maryland Form Rating

Maryland Warranty Deed Form Form popularity

Warranty Deed General Form Other Form Names

Warranty Deed Form Online FAQ

Who prepares a warranty deed?

Who keeps the original deed?

Does a special warranty deed transfer ownership?

Does a warranty deed mean you own the property?

Who keeps original warranty deed?

What is a rep deed?

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

Is a personal representative deed the same as a warranty deed?

Does a warranty deed prove ownership?

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Warranty Deed Form

Description Warranty General Form

Warranty Deed Form Template Related Forms

Related legal definitions

How to fill out Warranty Deed Form Printable?

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Warranty Deed Form Download Trusted and secure by over 3 million people of the world’s leading companies