This form is a Warranty Deed where the Grantors are Two Individuals or Husband and Wife, with one Grantor acting through an attorney-in-fact authorized by a recorded power of attorney, and the Grantees are two individuals or husband and wife. Grantors convey and warrant the described property to Grantees. This deed complies with all state statutory laws.
In Indianapolis, Indiana, a Warranty Deed is a legal document that transfers ownership of real estate property from the Granters (two individuals or a husband and wife) to the Grantees (two individuals or a husband and wife) with a guarantee or warranty of clear title. There are different types of this specific Warranty Deed in Indianapolis, Indiana, based on the involvement of a Granter acting through an attorney in fact. This means that one of the Granters is represented by an attorney who has the authority to act on their behalf in the real estate transaction. The attorney in fact typically acts under a power of attorney granted by the Granter. When the Warranty Deed involves two individuals, or a husband and wife, as Granters, and two individuals or a husband and wife as Grantees, it means that both parties must be mentioned and identified accordingly in the document. This ensures that the property rights are transferred to the intended individuals or couples accurately. The Warranty Deed serves as a legal guarantee to the Grantees that the Granters have the lawful right to transfer the property and that there are no encumbrances or claims against the property (unless explicitly stated in the deed). This offers protection to the Grantees against any future legal disputes or claims related to the property's ownership. To execute the Warranty Deed, all Granters and Grantees must sign the document in the presence of a notary public who will also sign and affix their official seal to authenticate the signatures. This step ensures the validity and enforceability of the Warranty Deed in court, if necessary. It is important for both the Granters and Grantees to thoroughly review the Warranty Deed and ensure the accuracy of the property description, names, and any additional terms or conditions before signing. Any discrepancies or ambiguities in the document could lead to complications or legal issues down the line. Overall, the Indianapolis Indiana Warranty Deed — Two Individuals, or Husband and Wife, as Granters, One Granter acting through an attorney in fact, to Two Individuals or Husband and Wife as Grantees is a legal instrument that facilitates the transfer of property ownership while providing a warranty of clear title. It offers protection to all parties involved and must be executed according to the legal requirements set forth by the State of Indiana.
