Lansing Michigan Warranty Deed

• Category: Michigan Real Estate - Deeds - Warranty
• State: Michigan
• City: Lansing
• Control #: MI-BM-024
• Format: Word; Rich Text

Description

Warranty deed in which the grantor is a corporation and the grantees are two individuals. A warranty deed is a legal document that transfers ownership of real property from one party to another in Lansing, Michigan. It is commonly used in real estate transactions to provide the buyer (grantee) with assurance that the seller (granter) has clear and valid ownership and the right to transfer the property. The warranty deed guarantees that there are no encumbrances or title defects that may affect ownership. In Lansing, Michigan, there are three types of warranty deeds that can be used: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection for the buyer. It guarantees that the granter has good title, free from any claims, liens, or encumbrances that may arise before or during their ownership. The granter undertakes to defend the title against any claims that may arise from previous owners. 2. Special Warranty Deed: A special warranty deed also guarantees that the granter has good title, but only during their ownership. It offers limited protection, as it does not cover any defects or claims that may have existed before the granter acquired the property. This type of warranty deed is more commonly used by commercial entities or when transferring properties between family members. 3. Quitclaim Deed: While not technically a warranty deed, a quitclaim deed is often used in Lansing, Michigan, for property transfers. Unlike warranty deeds, a quitclaim deed does not provide any warranties or guarantees about the title. Instead, it simply transfers the granter's interest in the property to the grantee. It is commonly used in situations where there is an existing relationship or trust between the parties involved, such as transferring property within a family or between spouses during divorce proceedings. When dealing with a Lansing, Michigan warranty deed, it is important to conduct a thorough title search and obtain title insurance to protect the buyer's interests. Furthermore, it is recommended to consult with a real estate attorney or professional who can ensure that the warranty deed is prepared and executed correctly, providing clear and secure ownership rights to the new property owner.

A warranty deed is a legal document that transfers ownership of real property from one party to another in Lansing, Michigan. It is commonly used in real estate transactions to provide the buyer (grantee) with assurance that the seller (granter) has clear and valid ownership and the right to transfer the property. The warranty deed guarantees that there are no encumbrances or title defects that may affect ownership. In Lansing, Michigan, there are three types of warranty deeds that can be used: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection for the buyer. It guarantees that the granter has good title, free from any claims, liens, or encumbrances that may arise before or during their ownership. The granter undertakes to defend the title against any claims that may arise from previous owners. 2. Special Warranty Deed: A special warranty deed also guarantees that the granter has good title, but only during their ownership. It offers limited protection, as it does not cover any defects or claims that may have existed before the granter acquired the property. This type of warranty deed is more commonly used by commercial entities or when transferring properties between family members. 3. Quitclaim Deed: While not technically a warranty deed, a quitclaim deed is often used in Lansing, Michigan, for property transfers. Unlike warranty deeds, a quitclaim deed does not provide any warranties or guarantees about the title. Instead, it simply transfers the granter's interest in the property to the grantee. It is commonly used in situations where there is an existing relationship or trust between the parties involved, such as transferring property within a family or between spouses during divorce proceedings. When dealing with a Lansing, Michigan warranty deed, it is important to conduct a thorough title search and obtain title insurance to protect the buyer's interests. Furthermore, it is recommended to consult with a real estate attorney or professional who can ensure that the warranty deed is prepared and executed correctly, providing clear and secure ownership rights to the new property owner.