A warranty deed is a legal document used in real estate transactions to transfer ownership of property from one party to another. In the case of Franklin, Ohio, a Franklin Ohio Warranty Deed is specific to property transfers within Franklin County, Ohio. A Franklin Ohio Warranty Deed provides the buyer (grantee) with the highest level of protection among the various types of property deeds. It guarantees that the seller (granter) holds clear and marketable title to the property and has the legal right to transfer ownership. There are several types of Franklin Ohio Warranty Deeds commonly used in real estate transactions: 1. General Warranty Deed: This type of deed offers the broadest protection to the buyer, as it provides warranties against any title defects arising not only during the granter's ownership but also prior to the granter's ownership. 2. Special Warranty Deed: With a Special Warranty Deed, the granter guarantees that no title defects have occurred during their ownership of the property, but they do not offer protection against any defects that may have existed prior to their ownership. 3. Limited Warranty Deed: This type of deed provides protection to the buyer against any title defects that occurred during the granter's ownership. However, it does not cover any defects that may have existed prior to the granter's ownership. 4. Quitclaim Deed: While not specifically a warranty deed, a Quitclaim Deed is another type of property transfer document commonly used in Franklin, Ohio. It transfers whatever interest or claim the granter may have in the property to the grantee but makes no guarantees about the title's validity. When using a Franklin Ohio Warranty Deed, it is crucial for both parties involved in the transaction to conduct due diligence and consult legal professionals to ensure a smooth transfer of ownership with minimal legal risks. It is also essential to comply with the specific requirements and regulations set forth by Franklin County and the state of Ohio when executing a warranty deed.
Franklin Ohio Warranty Deed
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How to fill out Franklin Ohio Warranty Deed?
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