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Virginia Warranty Deed from two Individuals to Corporation

Virginia Warranty Deed from two Individuals to Corporation

Name: Virginia Warranty Deed from two Individuals to Corporation
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.68 (298 reviews)

Category:

Virginia Real Estate - Deeds - Warranty

State:

Virginia

Control #:

VA-05-78

Format:

Instant download

Description

This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.

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FAQ

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 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.

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).

A special warranty deed is common when a house has been foreclosed on by a bank because the previous owner did not pay their mortgage.The special warranty deed that the bank provides to the new buyer provides no protection for the period of time before the bank took ownership of the property.

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.

Unlike a warranty deed or special warranty deed, a quitclaim deed makes no assurances whatsoever about the property.For example, in a divorce situation where one spouse deeds the house to the other spouse. Quitclaim deeds are commonly used to transfer real property to an LLC or a living trust.

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.

Locate the most recent deed to the property. Create the new deed. Sign and notarize the new deed. Record the deed in the land records of the clerk's office of the circuit court in the jurisdiction where the property is located.

Virginia Warranty Deed from two Individuals to Corporation

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FAQ

Who keeps original warranty deed?

What is a corporation warranty deed?

Does a warranty deed mean you own the property?

What is a special warranty deed in Virginia?

What may be a reason that a special warranty deed is being issued for this transaction?

When would you use a special warranty deed?

What is the difference between a special warranty deed and a quit claim deed?

What is the purpose of a warranty deed?

How do you transfer a deed in Virginia?

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Virginia Warranty Deed from two Individuals to Corporation

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