Warranty Deed

• Category: Michigan Real Estate - Deeds - Warranty
• State: Michigan
• City: Ann Arbor
• Control #: MI-BM-027
• Format: Word; Rich Text

Description

This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual and the Grantee is an individual. A warranty deed is a legal document used in real estate transactions to transfer ownership of a property between parties. In Ann Arbor, Michigan, the warranty deed follows specific regulations and requirements to ensure the validity of the transfer. Here is a detailed description of the Ann Arbor Michigan warranty deed and its various types: An Ann Arbor Michigan warranty deed is a legal instrument that provides a guarantee or warranty from the seller (granter) to the buyer (grantee) that the property being transferred is free from any liens, encumbrances, or title defects. It assures the buyer that they are obtaining clear ownership and can defend their title against any future claims. One of the essential elements of an Ann Arbor Michigan warranty deed is the inclusion of specific keywords and phrases that convey the nature of the warranty being provided. These include terms such as "conveys and warrants," "grant, bargain, and sell," or similar language. These words help ensure that the deed meets the necessary legal requirements and provides adequate protection to the buyer. There are two primary types of warranty deeds commonly used in Ann Arbor, Michigan: 1. General Warranty Deed: This type of warranty deed provides the broadest level of protection to the buyer. The seller guarantees that they have the legal right to sell the property, the property is free from any undisclosed defects, and they will defend the buyer's title against any future claims arising from the seller's actions or previous ownership. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only guarantees the title against defects or claims that occurred during the seller's ownership. It does not extend to any prior claims or issues that may have existed before the seller acquired the property. Therefore, the buyer may have lesser protection compared to a general warranty deed. When conducting a property transaction in Ann Arbor, Michigan, it is crucial to consult with a qualified real estate attorney or title company to ensure the selection and execution of the appropriate type of warranty deed based on the specific circumstances of the sale. In conclusion, an Ann Arbor Michigan warranty deed is a legally binding document that offers protection to the buyer by guaranteeing clear ownership of a property and defending against future claims or defects. The two main types of warranty deeds used in Ann Arbor are the general warranty deed and the special warranty deed, each providing varying levels of protection to the buyer.

A warranty deed is a legal document used in real estate transactions to transfer ownership of a property between parties. In Ann Arbor, Michigan, the warranty deed follows specific regulations and requirements to ensure the validity of the transfer. Here is a detailed description of the Ann Arbor Michigan warranty deed and its various types: An Ann Arbor Michigan warranty deed is a legal instrument that provides a guarantee or warranty from the seller (granter) to the buyer (grantee) that the property being transferred is free from any liens, encumbrances, or title defects. It assures the buyer that they are obtaining clear ownership and can defend their title against any future claims. One of the essential elements of an Ann Arbor Michigan warranty deed is the inclusion of specific keywords and phrases that convey the nature of the warranty being provided. These include terms such as "conveys and warrants," "grant, bargain, and sell," or similar language. These words help ensure that the deed meets the necessary legal requirements and provides adequate protection to the buyer. There are two primary types of warranty deeds commonly used in Ann Arbor, Michigan: 1. General Warranty Deed: This type of warranty deed provides the broadest level of protection to the buyer. The seller guarantees that they have the legal right to sell the property, the property is free from any undisclosed defects, and they will defend the buyer's title against any future claims arising from the seller's actions or previous ownership. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only guarantees the title against defects or claims that occurred during the seller's ownership. It does not extend to any prior claims or issues that may have existed before the seller acquired the property. Therefore, the buyer may have lesser protection compared to a general warranty deed. When conducting a property transaction in Ann Arbor, Michigan, it is crucial to consult with a qualified real estate attorney or title company to ensure the selection and execution of the appropriate type of warranty deed based on the specific circumstances of the sale. In conclusion, an Ann Arbor Michigan warranty deed is a legally binding document that offers protection to the buyer by guaranteeing clear ownership of a property and defending against future claims or defects. The two main types of warranty deeds used in Ann Arbor are the general warranty deed and the special warranty deed, each providing varying levels of protection to the buyer.