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Nebraska Warranty Deed - Limited Liability Company to Limited...

Nebraska Warranty Deed - Limited Liability Company to Limited Liability Company

Name: Nebraska Warranty Deed - Limited Liability Company to Limited Liability Company
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.78 (408 reviews)

Category:

Nebraska Real Estate - Deeds - Warranty

State:

Nebraska

Control #:

NE-019-78

Format:

Instant download

Description

This form is a Warranty Deed where the grantor is a limited liability company and the grantee is also limited liability company. Grantor conveys and warrants the described property to the grantee. This deed complies with all state statutory laws.

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FAQ

In a Limited Warranty Deed, the seller usually gives two warranties. The seller only warrants to the buyer that:This is a very limited warranty in comparison to the broad warranty in a General Warranty Deed where the seller warrants that the seller not only owns the property, but also all rights in the property.

Let's start with the definition of a deed: DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.

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.

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

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.

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.

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.

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.

Nebraska Warranty Deed - Limited Liability Company to Limited Liability Company

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FAQ

What is the difference between a warranty deed and a limited warranty deed?

Is a warranty deed the same as a deed?

Who prepares a warranty deed?

Does a warranty deed prove ownership?

Who keeps the original deed?

Who keeps original warranty deed?

Is a warranty deed and a deed the same thing?

What is the purpose of a warranty deed?

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

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