A Sterling Heights Michigan Warranty Deed from two Trustees to an Individual is a legal document that transfers ownership of a property from two trustees to an individual buyer. This type of deed provides a guarantee, or warranty, that the property is free from any claims or encumbrances, aside from those specifically stated in the deed. In Sterling Heights, Michigan, there are two main types of Warranty Deeds from two Trustees to an Individual: 1. General Warranty Deed: A General Warranty Deed is the most common type of warranty deed used in real estate transactions. It offers the highest level of protection for the buyer as it guarantees that the trustees have the legal authority to convey the property without any undisclosed debts, liens, or claims. This type of warranty deed assures the buyer that they will hold clear and marketable title to the property. 2. Special Warranty Deed: In some cases, trustees may choose to use a Special Warranty Deed instead of a General Warranty Deed. This type of deed also guarantees that the trustees have the authority to transfer the property, but limits the warranty to only the time they held the property. It protects the buyer against any claims or encumbrances that may have arisen during the trustees' ownership, but not before. When transferring a property in Sterling Heights, Michigan, trustees will typically prepare the Warranty Deed, including relevant information such as the names of the trustees and the individual buyer, a legal description of the property, and any specific terms or conditions of the sale. The deed must be signed and notarized by the trustees and the individual buyer to be legally binding. It is important for both trustees and the individual buyer to consult with legal professionals experienced in real estate transactions to ensure the accuracy and legality of the Sterling Heights Michigan Warranty Deed. This document serves as a crucial means of transferring property rights and protecting the buyer's interest in the property.
Sterling Heights Michigan Warranty Deed from two Trustees to an Individual
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