Cuyahoga Ohio Warranty Deed

• Category: Ohio Real Estate
• State: Ohio
• County: Cuyahoga
• Control #: OH-LR017
• Format: Word; Rich Text

Description

Warranty deeds provide the purchaser of the property with the highest form of protection, and are often used when a buyer wants to get financing for a mortgage or title insurance. This form is used by a married couple as the Grantors and the Grantees are the Trustees of an Irrevocable Trust. A Cuyahoga Ohio Warranty Deed is a legal document used in Cuyahoga County, Ohio, to transfer real estate ownership from a seller (granter) to a buyer (grantee) with a guarantee that the property's title is clear of any liens or encumbrances. In this type of deed, the granter guarantees that they have lawful ownership rights to the property and has the legal authority to sell it. They also promise to defend the grantee against any future claims or disputes regarding the property's title. The granter typically includes a statement of warranty in the deed, affirming their responsibilities. Cuyahoga County recognizes several variations of Warranty Deeds, including: 1. General Warranty Deed: This is the most common type of warranty deed. It provides the broadest and most comprehensive form of protection for the grantee. The granter guarantees the title against any and all claims, even if they arise from earlier owners. 2. Special Warranty Deed: This type of warranty deed offers a more limited form of protection compared to a general warranty deed. The granter guarantees the title only against claims that may have arisen during their period of ownership. Claims from previous owners are not covered. 3. Statutory Warranty Deed: This type of warranty deed is specifically prescribed by Ohio state law. It provides a certain level of protection to the grantee against any encumbrances or defects that may exist on the property's title. 4. Quit Claim Deed: Although not specifically categorized as a warranty deed, it is worth mentioning that a Quit Claim Deed is also commonly used in Cuyahoga County. A Quit Claim Deed transfers the granter's interest in the property without any warranty or guarantee of title. It simply releases any claim the granter may have on the property, but does not ensure or warrant the property's title. It is essential to note that while a warranty deed provides a level of protection to the grantee, it does not guarantee the condition of the property itself. Purchasing title insurance is often recommended to further protect the grantee's interests in case any issues arise with the property's title.

A Cuyahoga Ohio Warranty Deed is a legal document used in Cuyahoga County, Ohio, to transfer real estate ownership from a seller (granter) to a buyer (grantee) with a guarantee that the property's title is clear of any liens or encumbrances. In this type of deed, the granter guarantees that they have lawful ownership rights to the property and has the legal authority to sell it. They also promise to defend the grantee against any future claims or disputes regarding the property's title. The granter typically includes a statement of warranty in the deed, affirming their responsibilities. Cuyahoga County recognizes several variations of Warranty Deeds, including: 1. General Warranty Deed: This is the most common type of warranty deed. It provides the broadest and most comprehensive form of protection for the grantee. The granter guarantees the title against any and all claims, even if they arise from earlier owners. 2. Special Warranty Deed: This type of warranty deed offers a more limited form of protection compared to a general warranty deed. The granter guarantees the title only against claims that may have arisen during their period of ownership. Claims from previous owners are not covered. 3. Statutory Warranty Deed: This type of warranty deed is specifically prescribed by Ohio state law. It provides a certain level of protection to the grantee against any encumbrances or defects that may exist on the property's title. 4. Quit Claim Deed: Although not specifically categorized as a warranty deed, it is worth mentioning that a Quit Claim Deed is also commonly used in Cuyahoga County. A Quit Claim Deed transfers the granter's interest in the property without any warranty or guarantee of title. It simply releases any claim the granter may have on the property, but does not ensure or warrant the property's title. It is essential to note that while a warranty deed provides a level of protection to the grantee, it does not guarantee the condition of the property itself. Purchasing title insurance is often recommended to further protect the grantee's interests in case any issues arise with the property's title.