A warranty deed is a legal document that is commonly used in real estate transactions. In Elizabeth, New Jersey, a warranty deed from two individuals to a corporation signifies the transfer of ownership of a property from the individuals to the corporate entity. This type of transaction ensures that the corporation receives a guarantee or warranty from the individuals, assuring that the property being transferred is free from any encumbrances, liens, or claims that could affect the title. Here are the different types of Elizabeth, New Jersey Warranty Deed from two Individuals to Corporation: 1. General Warranty Deed: A general warranty deed provides the highest level of protection to the corporation. The individuals transferring the property (granters) guarantee to defend the title against any claims and will compensate the corporation (grantee) for any losses incurred due to title defects. 2. Special Warranty Deed: In a special warranty deed, the individuals transferring the property only guarantee to defend the title against claims that arose during their ownership. This means that they are not responsible for any title issues that existed before their ownership. 3. Limited Warranty Deed: A limited warranty deed is similar to a special warranty deed but with more limited guarantees. The individuals assure the corporation that they haven't done anything during their ownership that would harm the corporation's title but don't provide any guarantees regarding previous ownership periods. 4. Bargain and Sale Deed: A bargain and sale deed is commonly used in New Jersey. It implies that the individuals transferring the property have the legal right to do so but does not provide any warranties or guarantees. This type of deed offers the least protection to the corporation. In an Elizabeth, New Jersey Warranty Deed from two Individuals to a Corporation, it is essential to include relevant keywords such as warranty deed, property transfer, Elizabeth, New Jersey, individuals, corporation, granters, grantees, encumbrances, liens, claims, title defects, general warranty deed, special warranty deed, limited warranty deed, bargain and sale deed, real estate transaction, and legal document.
Elizabeth New Jersey Warranty Deed from two Individuals to Corporation
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How to fill out Elizabeth New Jersey Warranty Deed From Two Individuals To Corporation?
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