This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A Detroit Michigan Warranty Deed from Individual to Individual is a legal document that transfers ownership of real property from one individual to another, ensuring that the property is free from any claims or encumbrances. This type of deed provides a guarantee or "warranty" that the granter (seller) has full legal authority to transfer the property and that there are no undisclosed claims, liens, or restrictions on the property. It offers the highest level of protection for the grantee (buyer). There are several types of Warranty Deeds that differ in the extent of warranties provided: 1. General Warranty Deed: This type of deed ensures the highest level of protection for the grantee. It provides a full warranty against any defects in the title that may have arisen before or during the granter's ownership of the property. The granter promises to defend the property against any claims and compensate the grantee for any losses or damages incurred due to title defects. 2. Special Warranty Deed: This type of deed provides a warranty only against claims that have arisen during the granter's ownership of the property. It does not offer protection against any title defects that existed before the granter's ownership. The granter promises to defend the property against any claims arising during their ownership, but not prior to that. 3. Quitclaim Deed: Although not a Warranty Deed, it is worth mentioning as it is commonly used in real estate transactions. A Quitclaim Deed transfers the granter's interest in the property to the grantee, but it provides no warranties or guarantees regarding the title. The granter essentially "quits" any claim they may have on the property without providing any assurance of title quality. When completing a Detroit Michigan Warranty Deed from Individual to Individual, it is crucial to include the legal description of the property, the names and addresses of both the granter and grantee, the date of the transfer, and any considerations (money or other assets) exchanged between both parties. It is advisable to consult a real estate attorney or title professional to ensure the deed is properly drafted, executed, and recorded with the county clerk's office to establish a clear and marketable title for the grantee.A Detroit Michigan Warranty Deed from Individual to Individual is a legal document that transfers ownership of real property from one individual to another, ensuring that the property is free from any claims or encumbrances. This type of deed provides a guarantee or "warranty" that the granter (seller) has full legal authority to transfer the property and that there are no undisclosed claims, liens, or restrictions on the property. It offers the highest level of protection for the grantee (buyer). There are several types of Warranty Deeds that differ in the extent of warranties provided: 1. General Warranty Deed: This type of deed ensures the highest level of protection for the grantee. It provides a full warranty against any defects in the title that may have arisen before or during the granter's ownership of the property. The granter promises to defend the property against any claims and compensate the grantee for any losses or damages incurred due to title defects. 2. Special Warranty Deed: This type of deed provides a warranty only against claims that have arisen during the granter's ownership of the property. It does not offer protection against any title defects that existed before the granter's ownership. The granter promises to defend the property against any claims arising during their ownership, but not prior to that. 3. Quitclaim Deed: Although not a Warranty Deed, it is worth mentioning as it is commonly used in real estate transactions. A Quitclaim Deed transfers the granter's interest in the property to the grantee, but it provides no warranties or guarantees regarding the title. The granter essentially "quits" any claim they may have on the property without providing any assurance of title quality. When completing a Detroit Michigan Warranty Deed from Individual to Individual, it is crucial to include the legal description of the property, the names and addresses of both the granter and grantee, the date of the transfer, and any considerations (money or other assets) exchanged between both parties. It is advisable to consult a real estate attorney or title professional to ensure the deed is properly drafted, executed, and recorded with the county clerk's office to establish a clear and marketable title for the grantee.
