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 Warranty Deed is a legal document used in real estate transactions that transfers ownership of a property from one individual to another in Waco, Texas. It provides a guarantee, or warranty, that the seller (granter) holds clear and marketable title to the property and has the right to sell it. The buyer (grantee) receives this guarantee of title and protection against any future claims or disputes regarding the property. In Waco, Texas, there are several types of Warranty Deed from Individual to Individual, each serving a unique purpose: 1. General Warranty Deed: This is the most common type of Warranty Deed used in Waco, Texas. It provides the broadest level of protection to the buyer by guaranteeing that the property title is free from any defects or claims, including those arising from previous owners. 2. Special Warranty Deed: This type of Warranty Deed also guarantees the title, but only for the period during which the granter owned the property. The granter does not bear responsibility for any potential issues that may have existed before their ownership. 3. Quitclaim Deed: While not technically a Warranty Deed, a Quitclaim Deed can also be used to transfer ownership of a property from one individual to another. However, it does not provide any warranty or guarantee regarding the title. It simply transfers the interest or claim that the granter has in the property to the grantee. When preparing a Warranty Deed in Waco, Texas, certain elements must be included, such as the names and addresses of both the granter and grantee, a clear description of the property, the consideration paid for the property (usually the purchase price), and the signatures of both parties in the presence of a notary public. It is crucial for both the buyer and seller to consult with a qualified real estate attorney or title company to ensure the accuracy and legality of the Warranty Deed. Additionally, a title search should be conducted to confirm the status of the property's title and uncover any potential liens, encumbrances, or restrictions that may affect its ownership. By utilizing a proper Waco Texas Warranty Deed from Individual to Individual, buyers and sellers can transfer property with confidence, knowing that their rights and interests are protected.
