This form is a Warranty Deed where the grantor is an individual and the grantee is an individual. Upon ordering, you may download the form in Word, Rich Text or Wordperfect formats.
A Fort Wayne Indiana Warranty Deed from Individual to Individual is a legal document that transfers ownership of real estate property from one individual to another, guaranteeing that the granter (current owner) has clear title to the property and has the right to transfer it to the grantee (new owner). This type of deed provides the grantee with assurance that no other party has any claims, liens, or encumbrances on the property, except for any specifically mentioned in the deed itself. It also promises that the granter will defend the grantee against any potential future claims to the property's title. There are three main types of Fort Wayne Indiana Warranty Deeds from Individual to Individual that may be encountered: 1. General Warranty Deed: This type of warranty deed offers the highest level of protection to the grantee. It includes specific covenants that assure the grantee that the granter has legal title to the property, has the right to sell it, and will defend the title against any claims that may arise. 2. Special Warranty Deed: This variation of the warranty deed only guarantees the granter's ownership rights and any claims against the property that arose during the granter's ownership period. It does not provide protection against claims that existed prior to the granter's ownership. 3. Quitclaim Deed: Although not strictly classified as a warranty deed, the quitclaim deed is commonly used in Fort Wayne Indiana for individual to individual transfers. It transfers the granter's interest in the property to the grantee but offers no warranties or guarantees. This deed can be useful when there may be doubts about the property's title or when the granter wants to transfer their interest without assuming any liability. In conclusion, a Fort Wayne Indiana Warranty Deed from Individual to Individual is a crucial legal document that ensures the lawful transfer of property ownership. Whether it is a general warranty deed, special warranty deed, or a quitclaim deed, each type of deed provides different levels of protection for the grantee, addressing potential claims and encumbrances.
