Warranty Deed Add Alternative Choice For Free

To be valid, each Indiana warranty deed form must meet the requirements of Indiana law. These requirements include valid legal description, statement of consideration, and a description of the manner in which co-owners will hold title, font size and page format requirements, and signature and notarization requirements.

Warranty Deeds A warranty deed is guarantees that a title is good and marketable without any liens or encumbrances. The following are types of warranty deeds available in Indiana: Individual Grantor to Individual Grantee. Individual Grantor to Two Individual Grantees. Individual Grantor to Corporation Grantee.

General Warranty Deed This type of deed is overwhelmingly used in residential purchases. Most lenders require a warranty deed for properties they finance. It offers buyers the greatest possible protection from future claims against the title.

A traditional deed simply transfers the ownership of a property from one party to another (in other words, the seller to the buyer.) Whoever legally holds the deed is the rightful owner of the property. A warranty deed, on the other hand, contains special assurances that the seller makes to the buyer.

Transferring Indiana real estate usually involves four steps: Locate the prior deed to the property. ... Create the new deed. ... Sign the new deed. ... Record the original deed.

How to Write an Indiana Quitclaim Deed Preparer's name and address. Name and mailing address of the person to whom the recorded quitclaim deed should be returned. County where the real property is located. The consideration paid for the property. Grantee's name and address. The legal description of the property.

A special warranty deed provides limited warranties, focusing on the grantor's actions during their ownership, while a general warranty deed offers broader warranties, covering not only the grantor's ownership but also previous owners and potential title defects.

A warranty deed or quit claim deed TRANSFERS TITLE or OWNERSHIP of real property. When you purchase property, you usually receive a warranty deed from the seller to you to show that you now own the property.

Following is the list of the warranties that the law treats as implied in the contract of sale:Warranty As To Undisturbed Possession.The Warranty As To Non-Existence Of Encumbrances.Warranty As To The Disclosure Of Dangerous Nature Of Goods.The Warranty As To Non-Existence Of Encumbrances.More items...

A warranty deed can be revoked. In most situations, the person signing the deed needs the cooperation of the person who received the deed to revoke it.If the deed was prepared for a property transfer as part of a typical sale, though, you probably will have to take legal action to revoke the deed.