Ann Arbor, Michigan Warranty Deed from two Trustees to Husband and Wife as Joint Tenants with the Right of Survivorship A Warranty Deed is a legal document that transfers the ownership of a property from one party to another. In the specific case of Ann Arbor, Michigan, there are different types of Warranty Deeds that involve two Trustees transferring ownership to a Husband and Wife as Joint Tenants with the Right of Survivorship. 1. General Warranty Deed: This type of deed provides the highest level of protection to the buyer (Husband and Wife) as it guarantees that the property is free from any title defects, liens, or encumbrances. The two Trustees act as the sellers and declare that they have full authority to transfer the property to the Husband and Wife. By being Joint Tenants with the Right of Survivorship, both spouses have equal ownership stakes in the property, and in the event of the death of one spouse, the surviving spouse automatically inherits the deceased spouse's share. 2. Special Warranty Deed: This type of deed also guarantees that the property is free from any title defects, liens, or encumbrances, but only during the time when the two Trustees held ownership of the property. The Trustees do not warrant any defects or issues that may have existed prior to their ownership, unlike a General Warranty Deed. However, the rights of the Husband and Wife as Joint Tenants with the Right of Survivorship remain the same. The Ann Arbor, Michigan Warranty Deed from two Trustees to Husband and Wife as Joint Tenants with the Right of Survivorship is a legally binding document that provides protection and ownership rights to the Husband and Wife. It ensures that the property being transferred is clear of any prior claims and that both spouses have equal interests in the property. This type of deed is commonly used in real estate transactions to establish joint ownership and the right of survivorship. If you are involved in a real estate transaction in Ann Arbor, Michigan, it is essential to consult with a knowledgeable attorney or real estate professional who can guide you through the process and ensure that all legal requirements are met.
Ann Arbor Michigan Warranty Deed from two Trustees to Husband and Wife as Joint Tenants with the Right of Survivorship
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