This form is a Warranty Deed where the Grantors are two individuals and the Grantee is an individual. Grantors convey and warrant the described property to the Grantee.
A warranty deed is a legal document that transfers ownership of real property from one party to another. In the context of Irvine, California, a warranty deed refers to a specific type of property transfer between two individuals and an individual buyer. In a warranty deed, the two individuals (sometimes referred to as granters or sellers) are transferring ownership of the property to the individual buyer (referred to as the grantee or buyer) with a guarantee or warranty. This warranty ensures that the granters have clear title to the property and that there are no undisclosed encumbrances or claims on the property, except those specified in the deed. Irvine, a vibrant city located in Orange County, California, offers various types of warranty deeds from two individuals to an individual buyer. Among these are: 1. General Warranty Deed: In this type of deed, the granters provide a broad warranty to the grantee, guaranteeing that they have absolute ownership of the property and that it is free from any encumbrances, claims, or defects. 2. Special Warranty Deed: A special warranty deed, also known as a limited warranty deed, protects the grantee against any defects or claims that arose during the granters' ownership period. It offers a guarantee that the granters have not caused or allowed any encumbrances on the property, but it does not cover defects from previous ownership. 3. Quitclaim Deed: Although not strictly a warranty deed, a quitclaim deed is another type of property transfer that involves two individuals transferring their interests in the property to an individual buyer. Unlike a warranty deed, a quitclaim deed does not provide any guarantee or warranty regarding the granters' ownership or the property's condition. It simply transfers whatever interest the granters have in the property to the grantee. When executing an Irvine, California warranty deed from two individuals to an individual, it is vital to consult with an experienced real estate attorney or title company to ensure that the transfer is legally accurate and meets all local regulations and requirements. It is also advisable for the grantee to perform a thorough title search and obtain title insurance to safeguard their investment and protect against unforeseen issues. By understanding the various types of warranty deeds available in Irvine, California, individuals can make informed decisions when buying or transferring real property. It is always essential to seek professional guidance to ensure a smooth and legally sound property transfer process.
