Atlanta Georgia Limited Warranty Deed

State:
Georgia
City:
Atlanta
Control #:
GA-A2009
Format:
Word; 
Rich Text
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Description

This deed, or deed-related form, is for use in property transactions in the designated state. This document, a sample Limited Warranty Deed, can be used in the transfer process or related task. Adapt the language to fit your circumstances. Available for download now in standard format(s). USLF control no. GA-A2009

A Limited Warranty Deed in Atlanta, Georgia is a legal document used in real estate transactions to transfer ownership of a property from one party to another. This type of deed guarantees that the seller (granter) holds clear title to the property and is responsible for resolving any issues or claims that may arise during their ownership. The Limited Warranty Deed provides protection to the buyer (grantee) by warranting that the property has not been encumbered or subjected to any defects or liens, except as specifically stated in the deed. It assures the grantee that they will not face any legal troubles due to the actions or claims of the granter or previous owners. Keywords: Atlanta, Georgia, Limited Warranty Deed, real estate transactions, transfer ownership, clear title, issues, claims, granter, buyer, seller, encumbered, defects, liens, legal troubles, previous owners. Different Types of Limited Warranty Deeds in Atlanta, Georgia: 1. General Limited Warranty Deed: This type of limited warranty deed provides a broad assurance from the granter that there are no known defects or liens on the property, except as stated in the deed. It protects the grantee against any claims arising from the actions of the granter or previous owners. 2. Special Limited Warranty Deed: This limited warranty deed offers a narrower warranty compared to the general warranty deed. The granter only guarantees against any defects or liens that occurred during their ownership of the property, excluding issues that may have arisen before their ownership. 3. Limited Warranty Deed with Exceptions: This type of limited warranty deed includes specific exceptions or limitations regarding defects or claims on the property. The granter clarifies certain issues that may exist, ensuring the grantee is aware of any potential problems related to the property. 4. Limited Warranty Deed in Foreclosure: In cases where a property is sold through a foreclosure process, a limited warranty deed may be used. The granter, typically a lending institution or bank, guarantees that they acquired the property legally and will defend the grantee's title against any claims during their ownership. Keywords: General Limited Warranty Deed, Special Limited Warranty Deed, Limited Warranty Deed with Exceptions, Limited Warranty Deed in Foreclosure, granter, grantee, defects, liens, legal troubles, ownership, foreclosure process, lending institution, bank.

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FAQ

You can access all recorded deeds, liens, plats and UCC's online at gsccca.org or visit our office at 75 Langley Drive, Lawrenceville GA 30046. There is a fee to access the website and a $. 50 charge for each copy printed. There is no charge to search and view documents in our office.

Security Instruments (Deed of Trust vs. Mortgages are used, but they are rare. A security deed (deed to secure debt) is the customary security instrument in Georgia. Georgia does not use a Deed of Trust. Two witnesses are required to witness the signature of the grantor for a security deed to be recorded.

Here are the steps to completing a deed transfer in Georgia: Names the Current Owner and New Owner. Contains a Description of the Property. Signed by Current Owner. Two Witnesses: Unofficial Witness & Notary Public. Complete a PT-61, Transfer Tax Form. Record Deed in County Real Estate Records.

A warranty deed is the most common type of deed used in most purchase and sale transactions. It offers the best protection for the grantee because it guarantees that the title is good and marketable. Requirements to be filed. The deed must describe the real property, full legal description.

12. Who benefits the most from recording a warranty deed? D. Explanation: The grantee is the one who has acquired an interest in the land, and she is the one who benefits the most from recording the deed to provide constructive (legal) notice of that interest.

The seller or lender, also known as the grantor, and the buyer or the grantee are the two parties involved in a warranty contract.

The grantor must sign the deed (O.C.G.A. § 44-5-30). Except for documents electronically filed, only an original document (original signature) that has been properly attested can be accepted for recording (O.C.G.A.

Both a general warranty deed and limited warranty deed make a specific promise about giving clear title to the property. Both deeds contain a promise that the grantor is conveying clear title to the property. But, the difference between the general warranty and limited warranty is the duration of that promise.

A Georgia general warranty deed is used by a seller (grantor) of property to transfer and guarantee title to a buyer (grantee). This type of deed includes a guarantee from the seller that he or she owns the property free and clear and has the legal authority to sell the property.

When committing to a general warranty deed, the seller is promising there are no liens against the property, and if there were, the seller would compensate the buyer for those claims. Mainly for this reason, general warranty deeds are the most commonly used type of deed in real estate sales.

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Effectively a Warranty Deed "Light. " Contains specific limitations to the rights and warranties conveyed in a Warranty Deed.The two most common and quickest deeds used are the Warranty Deed and the Quitclaim Deed. Deeds are recorded in two types of books: the grantor and grantee books. Deed of Transfer (e.g. Price does not include added equipment unless noted in description (wheels, lift, etc), TAVT, title, license or registration fees. Important information about the legal form for the ownership transfer and instructions on how to fill out the document correctly. Georgia law requires a dealer to deliver tag and title paperwork within 30 days. 681¬9¬. 02 Responsibilities of a Used Motor Vehicle Dealer. Complete and print out form PT-61.

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Atlanta Georgia Limited Warranty Deed