This form is a Grant Deed where the Grantor is an individual and the Grantee are two individuals. Grantor conveys and grants the described property to the Grantees with stated warranties. The Grantees take the property as joint tenants with the right of survivorship or as tenants in common. This deed complies with all state statutory laws.
Detroit Michigan Grant Deed from a Grantor to two Grantees
Category:
State:
Michigan
City:
Detroit
Control #:
MI-023-78
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Michigan Grant Deed From A Grantor To Two Grantees?
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FAQ
A General Warranty Deed. A statutory warranty deed and a general warranty deed make the same guarantee: that the grantor holds full and clear legal title to the property and is conveying that to the grantee.
The general warranty deed gives the most guarantee and security to the grantee.
California mainly uses two types of deeds: the ?grant deed? and the ?quitclaim deed.? Most other deeds you will see, such as the common ?interspousal transfer deed,? are versions of grant or quitclaim deeds customized for specific circumstances.
Deed. Deeds are valuable to buyers because they provide certain protections regarding the sale of property. A grant deed is a deed that ?grants? certain promises to the buyer: The property has not already been transferred to someone else.
Warranty deeds provide the purchaser of the property with the highest form of protection and are often used when a buyer wants to get financing for a mortgage or title insurance. A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.
How to Transfer Michigan Real Estate Find the most recent deed to the property. It is helpful to begin by locating the most recent deed to the property (the deed that transferred the property to the current grantor).Create the new deed.Sign and notarize the deed.File the deed in the county land records.
A General Warranty Deed is most often used in real estate transfers and offers the most protection to the grantee. The grantor must legally promise that they are the true owners of the real estate and are responsible for any prior claims for the property.
You cannot simply add someone to the deed in most cases, and it will require a change in the form of the deed on the property. You will have to file a quitclaim deed and then file a new deed with joint ownership.
What Is the Strongest Type of Deed? For real estate buyers, a general warranty deed provides greater protection than any other type of deed. While it's the best deed for the grantee, it gives the grantor the most liability.