Detroit Michigan Warranty Deed from Husband and Wife to Corporation

• Category: Michigan Real Estate - Deeds - Warranty
• State: Michigan
• City: Detroit
• Control #: MI-08-78
• Format: Word; Rich Text

Description

This Warranty Deed from Husband and Wife to Corporation form is a Warranty Deed where the grantors are husband and wife and the grantee is a corporation. Grantors warrant and convey the described property to grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. A Detroit Michigan Warranty Deed from Husband and Wife to Corporation is a legal document that transfers ownership of real estate from a married couple to a corporate entity. This type of deed provides a guarantee or warranty by the sellers that they hold clear title to the property and have the right to transfer it. Keywords: 1. Warranty Deed: A legal instrument used in real estate transactions to transfer ownership rights of a property from one party to another, with a guarantee or warranty of clear title. 2. Detroit Michigan: Refers to the city of Detroit located within the state of Michigan. 3. Husband and Wife: Denotes a married couple who jointly own the property and are the sellers in this transaction. 4. Corporation: Refers to a legal entity formed under state law that has separate legal and financial responsibilities from its owners, also known as shareholders or members. 5. Real Estate: Refers to land, buildings, and any fixed structures or improvements on the land. 6. Ownership Transfer: The process of transferring legal rights, interests, and ownership of a property from one party to another. 7. Clear Title: Specifies that the sellers have a legally recognized and undisputed ownership right to the property, with no outstanding claims or liens against it. 8. Guarantee: An assurance provided by the sellers in the deed, stating that they will compensate the buyer if any defects in the title occur. 9. Legal Document: A written agreement or contract that holds legal significance and requires compliance with relevant laws and regulations. Types of Detroit Michigan Warranty Deed from Husband and Wife to Corporation: 1. General Warranty Deed: Provides the highest level of protection to the buyer, as it guarantees that the sellers will defend the title against any claims, even if the issue arose before they acquired the property. 2. Special Warranty Deed: Offers a more limited warranty, safeguarding the buyer only against claims or defects that arose during the sellers' ownership period. 3. Quitclaim Deed: Transfers whatever interest or rights the sellers have in the property without any warranties or guarantees of clear title. It does not provide protection to the buyer, but rather releases any claim the sellers have on the property. 4. Bargain and Sale Deed: Indicates the sellers' ownership interest in the property but does not explicitly warrant that the property is free from claims, liens, or encumbrances. These different types of warranty deeds provide varying levels of protection for the buyer, with the general warranty deed being the most comprehensive in terms of guaranteeing clear title.

A Detroit Michigan Warranty Deed from Husband and Wife to Corporation is a legal document that transfers ownership of real estate from a married couple to a corporate entity. This type of deed provides a guarantee or warranty by the sellers that they hold clear title to the property and have the right to transfer it. Keywords: 1. Warranty Deed: A legal instrument used in real estate transactions to transfer ownership rights of a property from one party to another, with a guarantee or warranty of clear title. 2. Detroit Michigan: Refers to the city of Detroit located within the state of Michigan. 3. Husband and Wife: Denotes a married couple who jointly own the property and are the sellers in this transaction. 4. Corporation: Refers to a legal entity formed under state law that has separate legal and financial responsibilities from its owners, also known as shareholders or members. 5. Real Estate: Refers to land, buildings, and any fixed structures or improvements on the land. 6. Ownership Transfer: The process of transferring legal rights, interests, and ownership of a property from one party to another. 7. Clear Title: Specifies that the sellers have a legally recognized and undisputed ownership right to the property, with no outstanding claims or liens against it. 8. Guarantee: An assurance provided by the sellers in the deed, stating that they will compensate the buyer if any defects in the title occur. 9. Legal Document: A written agreement or contract that holds legal significance and requires compliance with relevant laws and regulations. Types of Detroit Michigan Warranty Deed from Husband and Wife to Corporation: 1. General Warranty Deed: Provides the highest level of protection to the buyer, as it guarantees that the sellers will defend the title against any claims, even if the issue arose before they acquired the property. 2. Special Warranty Deed: Offers a more limited warranty, safeguarding the buyer only against claims or defects that arose during the sellers' ownership period. 3. Quitclaim Deed: Transfers whatever interest or rights the sellers have in the property without any warranties or guarantees of clear title. It does not provide protection to the buyer, but rather releases any claim the sellers have on the property. 4. Bargain and Sale Deed: Indicates the sellers' ownership interest in the property but does not explicitly warrant that the property is free from claims, liens, or encumbrances. These different types of warranty deeds provide varying levels of protection for the buyer, with the general warranty deed being the most comprehensive in terms of guaranteeing clear title.