This form is a Special Warranty Deed where the Grantors are two individuals and the Grantee is an individual. Grantors convey and specially warrant the described property to the Grantee. The Grantors only warrant and will defend the property only as to claims of persons claiming by, through or under Grantors, but not otherwise. This deed complies with all state statutory laws.
A Pittsburgh Pennsylvania Special Warranty Deed — Two Individuals to One Individual is a legal document used to transfer ownership of real estate property from two individuals to one individual. This type of deed provides a limited warranty on the property's title, guaranteeing that the sellers have not incurred any encumbrances or title defects during their ownership. The Special Warranty Deed is tailored to the specific situation where two individuals jointly hold ownership of a property and decide to transfer it to a single individual. This may occur when one of the joint owners wants to buy out the other's share, or when there is a change in ownership due to inheritance or gifting. By executing this deed, the sellers, known as granters, affirm their ownership rights and transfer them to the buyer, referred to as the grantee. The document typically includes detailed information about the property, such as its legal description, address, and any existing liens or encumbrances. Key terms associated with a Pittsburgh Pennsylvania Special Warranty Deed include joint ownership, transfer of ownership, limited warranty, title defects, encumbrances, legal description, address, granter, and grantee. While there are no specific variations of the Pittsburgh Pennsylvania Special Warranty Deed — Two Individuals to One Individual, other types of deeds available in Pennsylvania include: 1. Warranty Deed: Provides the highest level of protection to the buyer, ensuring that the seller guarantees a clear title with no defects or encumbrances. 2. Quitclaim Deed: Allows for the transfer of ownership without any warranties or guarantees. The granter simply releases any present or future claims to the property. 3. Special Purpose Deed: These are specialized deeds used for specific purposes, such as tax sales, foreclosure proceedings, or certain types of property transfers. It is important to consult with a qualified real estate attorney or legal professional to ensure the proper execution and understanding of any deed, including the Pittsburgh Pennsylvania Special Warranty Deed — Two Individuals to One Individual.
