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Virginia Warranty Deed from Corporation to Corporation

Virginia Warranty Deed from Corporation to Corporation

Name: Virginia Warranty Deed from Corporation to Corporation
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.56 (345 reviews)

Category:

Virginia Real Estate - Deeds - Warranty

State:

Virginia

Control #:

VA-013-78

Format:

Instant download

Description

This Warranty Deed from Corporation to Corporation form is a Warranty Deed where the Grantor is a corporation and the Grantee is a corporation. 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.

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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.

A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.

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.

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.

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.

Corporate warranty deeds offer the seller's guarantee to the buyer in regards to the validity of the chain of title. Generally, special warranty deeds only protect against problems occurring since the seller purchased the property.

A special warranty deed is a common form of conveyance in Virginia that is used to transfer title to real estate. Unless an exception is made in the deed, all appurtenances, buildings, and privileges belonging to the land being conveyed will be included in the conveyance (55.1-303).

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.

Virginia Warranty Deed from Corporation to Corporation

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FAQ

Who prepares a warranty deed?

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

Who keeps the original deed?

Does a warranty deed prove ownership?

What is the purpose of a warranty deed?

Who keeps original warranty deed?

What is a corporation warranty deed?

What is a special warranty deed in Virginia?

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

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Virginia Warranty Deed from Corporation to Corporation

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