This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A Memphis Tennessee Warranty Deed from Individual to Individual is a legal document that transfers ownership of real property from one person (the granter) to another person (the grantee). This type of deed guarantees that the granter has clear and marketable title to the property and ensures that the grantee will not face any future claims, liens, or encumbrances on the property. The warranty deed typically includes relevant details, such as the names and addresses of both the granter and the grantee, a description of the property being transferred, the purchase price (if applicable), and any specific conditions or restrictions associated with the transfer. It is generally executed in front of a notary public and then recorded with the appropriate county office to make it a matter of public record. In Memphis, Tennessee, there may be different variations of a warranty deed from individual to individual. Some common variations include: 1. General Warranty Deed: This type of deed offers the highest level of protection to the grantee, as the granter guarantees that they have clear title to the property, free from any past, present, or future claims. 2. Limited Warranty Deed: Unlike a general warranty deed, a limited warranty deed only guarantees that the granter has not caused any encumbrances on the property during their ownership. This type of deed protects the grantee from any claims or liens that arose during the granter's ownership. 3. Special Warranty Deed: A special warranty deed also provides limited protection to the grantee, but it only guarantees against claims or encumbrances that occurred during the granter's ownership and not prior to that. This means the grantee may still be responsible for resolving any pre-existing issues on the property. 4. Deed in Lieu of Foreclosure: In cases where a homeowner is facing foreclosure, they may choose to voluntarily transfer the property to the lender to satisfy the debt. This type of deed is known as a deed in lieu of foreclosure and requires the granter (the homeowner) to sign over ownership to the grantee (the lender). 5. Quitclaim Deed: While not a warranty deed, a quitclaim deed is another type of transfer commonly used in Memphis. This deed transfers any interest or claim the granter has in the property to the grantee, without providing any warranties or guarantees regarding clear title. It is important for both the granter and grantee to seek legal advice and conduct a title search before executing a warranty deed to ensure a smooth transfer of ownership and minimize potential risks.A Memphis Tennessee Warranty Deed from Individual to Individual is a legal document that transfers ownership of real property from one person (the granter) to another person (the grantee). This type of deed guarantees that the granter has clear and marketable title to the property and ensures that the grantee will not face any future claims, liens, or encumbrances on the property. The warranty deed typically includes relevant details, such as the names and addresses of both the granter and the grantee, a description of the property being transferred, the purchase price (if applicable), and any specific conditions or restrictions associated with the transfer. It is generally executed in front of a notary public and then recorded with the appropriate county office to make it a matter of public record. In Memphis, Tennessee, there may be different variations of a warranty deed from individual to individual. Some common variations include: 1. General Warranty Deed: This type of deed offers the highest level of protection to the grantee, as the granter guarantees that they have clear title to the property, free from any past, present, or future claims. 2. Limited Warranty Deed: Unlike a general warranty deed, a limited warranty deed only guarantees that the granter has not caused any encumbrances on the property during their ownership. This type of deed protects the grantee from any claims or liens that arose during the granter's ownership. 3. Special Warranty Deed: A special warranty deed also provides limited protection to the grantee, but it only guarantees against claims or encumbrances that occurred during the granter's ownership and not prior to that. This means the grantee may still be responsible for resolving any pre-existing issues on the property. 4. Deed in Lieu of Foreclosure: In cases where a homeowner is facing foreclosure, they may choose to voluntarily transfer the property to the lender to satisfy the debt. This type of deed is known as a deed in lieu of foreclosure and requires the granter (the homeowner) to sign over ownership to the grantee (the lender). 5. Quitclaim Deed: While not a warranty deed, a quitclaim deed is another type of transfer commonly used in Memphis. This deed transfers any interest or claim the granter has in the property to the grantee, without providing any warranties or guarantees regarding clear title. It is important for both the granter and grantee to seek legal advice and conduct a title search before executing a warranty deed to ensure a smooth transfer of ownership and minimize potential risks.
