A warranty deed is a legal document used in Lansing, Michigan, to transfer property ownership rights from one party to another. It provides the buyer with a guarantee or warranty that the seller holds a clear title to the property and has the legal right to sell it. This type of deed offers the highest level of protection to the buyer, ensuring that there are no undisclosed claims, liens, or encumbrances on the property. In Lansing, Michigan, there are two main types of warranty deeds: general warranty deed and special warranty deed. 1. General Warranty Deed: A general warranty deed offers the most comprehensive protection to the buyer. It guarantees that the seller has full legal ownership of the property and is responsible for any potential title issues that may arise, both during their ownership and before the property was transferred to them. This means that if any claim arises in the future, the buyer can hold the seller liable and seek remedies. 2. Special Warranty Deed: A special warranty deed, also known as a limited warranty deed, offers a slightly lesser level of protection to the buyer compared to a general warranty deed. This type of deed guarantees that the seller has legal ownership of the property and has not caused any title defects during their ownership. However, it does not provide protection for any title issues that may have existed before the seller acquired the property. Therefore, the buyer is only safeguarded against claims or defects that arise during the seller's ownership. Both general and special warranty deeds require certain essential elements to be valid, such as the names and addresses of the granter (seller) and the grantee (buyer), a description of the property, the purchase price, and the signatures of both parties. These deeds also need to be notarized and recorded with the County Register of Deeds in Lansing, Michigan, to ensure their legal validity. Acquiring a Lansing, Michigan warranty deed is crucial when buying or selling a property, as it offers a comprehensive legal protection for the buyer. It is recommended to consult with a qualified real estate attorney to ensure a smooth and secure property transaction.
Lansing Michigan Warranty Deed
Description
How to fill out Lansing Michigan Warranty Deed?
If you are searching for a valid form template, it’s impossible to choose a more convenient platform than the US Legal Forms website – one of the most considerable libraries on the web. With this library, you can get thousands of document samples for organization and individual purposes by types and regions, or keywords. Using our advanced search function, discovering the latest Lansing Michigan Warranty Deed is as easy as 1-2-3. Moreover, the relevance of each and every record is proved by a team of expert attorneys that on a regular basis check the templates on our website and revise them according to the newest state and county demands.
If you already know about our system and have an account, all you need to receive the Lansing Michigan Warranty Deed is to log in to your user profile and click the Download button.
If you make use of US Legal Forms the very first time, just follow the guidelines listed below:
- Make sure you have opened the sample you need. Check its explanation and utilize the Preview function to check its content. If it doesn’t meet your requirements, use the Search option at the top of the screen to discover the appropriate record.
- Affirm your selection. Choose the Buy now button. Next, pick your preferred pricing plan and provide credentials to register an account.
- Make the financial transaction. Use your bank card or PayPal account to complete the registration procedure.
- Obtain the template. Indicate the format and save it on your device.
- Make changes. Fill out, edit, print, and sign the received Lansing Michigan Warranty Deed.
Each and every template you save in your user profile does not have an expiration date and is yours permanently. You can easily access them via the My Forms menu, so if you need to have an extra copy for editing or creating a hard copy, you may return and save it once more whenever you want.
Make use of the US Legal Forms professional library to gain access to the Lansing Michigan Warranty Deed you were seeking and thousands of other professional and state-specific samples on a single website!