This form is a Limited Warranty Deed where the grantor is an individual and the grantee is an individual.
A Springfield Missouri Limited Warranty Deed from Individual to Individual is a legally binding document used to transfer ownership of real estate property within Springfield, Missouri, from one individual to another. This type of deed provides certain guarantees and protections to the buyer, known as the grantee, regarding the property's title. The granter, who is the current owner of the property, warrants that they have clear and marketable title to the property and has the authority to transfer it. Keywords: Springfield Missouri, Limited Warranty Deed, Individual to Individual, real estate property, ownership, transfer, guarantees, protections, title, granter, grantee, marketable title, authority. Different Types of Springfield Missouri Limited Warranty Deed from Individual to Individual: 1. General Warranty Deed: This type of limited warranty deed offers the highest level of protection to the grantee. The granter guarantees the title against all past, present, and future claims, including those arising from previous owners. 2. Special Warranty Deed: With this limited warranty deed, the granter only warranties against any claims or encumbrances that occurred during their ownership of the property. It provides protection for the grantee, but with limited coverage. 3. Quitclaim Deed: While not a limited warranty deed, it is worth mentioning as it is commonly used in property transfers. A quitclaim deed conveys the granter's interest in the property without providing any warranties or guarantees about the title. It is often used in non-sale situations, such as transferring property between family members or correcting title issues. However, it does not offer the same level of protection as a limited warranty deed. 4. Special Purpose Deed: In some cases, specific circumstances or requirements may call for a specialized type of limited warranty deed. Examples include a Sheriff's Deed (issued after a foreclosure sale) or a Tax Deed (transferring ownership of a property with delinquent taxes). These deeds serve the intended purpose but may have additional requirements or limitations. By utilizing a Springfield Missouri Limited Warranty Deed from Individual to Individual, buyers can have peace of mind knowing that the title to the property they are acquiring is clear and free from any known encumbrances or defects, within the scope of the specified warranty provided by the granter. It is always recommended for both parties involved to consult with a qualified real estate attorney or legal professional to ensure the accurate preparation and execution of the deed.A Springfield Missouri Limited Warranty Deed from Individual to Individual is a legally binding document used to transfer ownership of real estate property within Springfield, Missouri, from one individual to another. This type of deed provides certain guarantees and protections to the buyer, known as the grantee, regarding the property's title. The granter, who is the current owner of the property, warrants that they have clear and marketable title to the property and has the authority to transfer it. Keywords: Springfield Missouri, Limited Warranty Deed, Individual to Individual, real estate property, ownership, transfer, guarantees, protections, title, granter, grantee, marketable title, authority. Different Types of Springfield Missouri Limited Warranty Deed from Individual to Individual: 1. General Warranty Deed: This type of limited warranty deed offers the highest level of protection to the grantee. The granter guarantees the title against all past, present, and future claims, including those arising from previous owners. 2. Special Warranty Deed: With this limited warranty deed, the granter only warranties against any claims or encumbrances that occurred during their ownership of the property. It provides protection for the grantee, but with limited coverage. 3. Quitclaim Deed: While not a limited warranty deed, it is worth mentioning as it is commonly used in property transfers. A quitclaim deed conveys the granter's interest in the property without providing any warranties or guarantees about the title. It is often used in non-sale situations, such as transferring property between family members or correcting title issues. However, it does not offer the same level of protection as a limited warranty deed. 4. Special Purpose Deed: In some cases, specific circumstances or requirements may call for a specialized type of limited warranty deed. Examples include a Sheriff's Deed (issued after a foreclosure sale) or a Tax Deed (transferring ownership of a property with delinquent taxes). These deeds serve the intended purpose but may have additional requirements or limitations. By utilizing a Springfield Missouri Limited Warranty Deed from Individual to Individual, buyers can have peace of mind knowing that the title to the property they are acquiring is clear and free from any known encumbrances or defects, within the scope of the specified warranty provided by the granter. It is always recommended for both parties involved to consult with a qualified real estate attorney or legal professional to ensure the accurate preparation and execution of the deed.
