Maine Warranty Deed for Surface with Limited Warranty

State:
Multi-State
Control #:
US-OG-320
Format:
Word; 
Rich Text
Instant download

Description

This form of deed conveys the surface estate in existing lands pursuant to a contract of sale.

How to fill out Warranty Deed For Surface With Limited Warranty?

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FAQ

Special Warranty Deed ? The category of special warranty deed is similar to a general warranty deed with one important difference. The covenants in the special warranty deed only extend to any breaches in title that were caused by the grantor or occurred during the time the grantor owned the property.

Relates to the past and guarantees grantor ownership. The deed that offers a limited number of warranties is a. general warranty deed.

General Warranty Deed ? The General Warranty deed is often referred to simply as a warranty deed. It is a deed conveying title where the seller (grantor) makes six covenants or promises to the buyer (grantee) as part of the conveyance.

The quitclaim deed, also called a non-warranty deed, offers the grantee the least amount of protection. This type of deed conveys whatever interest the grantor currently has in the property?if any.

Also called a non-warranty deed, a quitclaim deed conveys whatever interest the grantor currently has in the property if any. The grantor only "remises, releases, and quitclaims" their interest in the property to the grantee. There are no warranties or promises regarding the quality of the title.

A special warranty deed or limited warranty deed only guarantees that no title problems occurred during the time the seller has owned the property. That means the previous owner can't be held accountable for creditors' liens or other issues that occurred before they took possession of the home.

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Maine Warranty Deed for Surface with Limited Warranty