This form is a Warranty Deed where the grantors are husband and wife and the grantee is a trust. Grantors convey and warrant the described property to trustee of trust less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
Columbus Ohio General Warranty Deed from Husband and Wife to a Trust
Category:
State:
Ohio
City:
Columbus
Control #:
OH-015-78
Format:
Word;
Rich Text
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FAQ
General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.
Because of this, deeds of trusts can be preferable, especially for smaller, non-traditional lenders....Start Deed of Trust. StateMortgage allowedDeed of trust allowedNorth DakotaYOhioYOklahomaYOregonY47 more rows
Mortgages are used in Kentucky, Ohio and Pennsylvania. A Deed of Trust is a written instrument whereby the grantor (usually the borrower) conveys equitable title in real property (collateral) to a trustee for it to hold as security for the beneficiary (i.e., the lender) pursuant to the terms of the Deed of Trust.
B. The general warranty deed provides the buyer with the greatest protection. A bargain and sale deed carries no warranties against liens or other encumbrances, but assures that the grantor has the right to sell or convey the property.
12. Who benefits the most from recording a warranty deed? D. Explanation: The grantee is the one who has acquired an interest in the land, and she is the one who benefits the most from recording the deed to provide constructive (legal) notice of that interest.
An Ohio general warranty deed is a deed form under which the real estate's current owner?the grantor?transfers real estate to a new owner?the grantee?with complete warranty of title. 2. Warranty of title is a guaranty that the current owner owns the property free of any undisclosed title defects.
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
A Warranty Deed is the best of the best. It protects you from all future and past issues with property title and any outstanding debts or liens.
The Deed Transfer Department transfers the owner's name and address on the real estate tax list and duplicate. The department also collects the transfer tax/ conveyance fee ($4.00 per $1,000 of sale price) and the transfer fee ($. 50 per parcel).
Six Commonly Used Deed in Ohio General Warranty Deed. The most common form of deed used in Ohio is a General Warranty Deed.Limited Warranty Deed.Quit Claim Deed.Fiduciary Deed.Joint and Survivorship Deed.Transfer on Death Designation Affidavit.