Warranty Deed Replace Value Choice For Free

A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.

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.

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.

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.

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 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 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.

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.

Determine if the error is harmless or fatal to the transfer of title. Decide what instrument is best suited to the error. Draft a corrective deed, affidavit, or new deed. Original Grantor(s) signature(s) obtained. Deed is re-executed. Re-acknowledgment before a notary.

A Warranty Deed has no expiration date, it is transferred permanently as of the date of the transfer.