This form is a Special Warranty Deed where the grantors are husband and wife 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 Special Warranty Deed is a legal document used in real estate transactions that conveys ownership of a property from a married couple (Husband and Wife) to an individual. This type of deed in McAllen, Texas, provides certain assurances to the buyer regarding the property's ownership history and the husband and wife's extent of liability. The McAllen Texas Special Warranty Deed — Husband and Wife to Individual is formulated to protect the individual buyer's interests, as well as ensure his or her legal rights over the property being transferred. By executing this deed, the married couple, as granters, covey their interests in the property to the grantee (individual buyer), referred to as the grantee. The special warranty deed guarantees that the husband and wife granters have only conveyed their own interests in the property and that they will defend the title against any claims arising during their ownership. It does not, however, warrant against claims or encumbrances that existed prior to their ownership. In simple terms, it provides some level of protection for the grantee against any potential defects or issues with the property's title during the time the husband and wife owned it. It is important to note that variations of the McAllen Texas Special Warranty Deed — Husband and Wife to Individual may exist, depending on the specific circumstances or requirements of the parties involved. These variations include: 1. McAllen Texas Special Warranty Deed — Marital Community Property: This type of special warranty deed is used when the property being transferred is classified as marital community property, meaning both spouses have equal ownership rights. It requires the signatures of both husband and wife to convey the property to an individual. 2. McAllen Texas Special Warranty Deed — Separate Property: In cases where the property being conveyed is the separate property of one spouse, this variation of the special warranty deed is utilized. It involves the signature of the spouse who owns the separate property, along with the consent of the non-owning spouse, to transfer the property to an individual. In either case, the McAllen Texas Special Warranty Deed — Husband and Wife to Individual ensures that the grantee receives the property with some level of protection against defects or claims arising during the granters' ownership, while also establishing clear ownership transfer. It is crucial for all parties involved to seek legal counsel during the drafting and execution of the special warranty deed to ensure compliance with relevant Texas laws and regulations.A Special Warranty Deed is a legal document used in real estate transactions that conveys ownership of a property from a married couple (Husband and Wife) to an individual. This type of deed in McAllen, Texas, provides certain assurances to the buyer regarding the property's ownership history and the husband and wife's extent of liability. The McAllen Texas Special Warranty Deed — Husband and Wife to Individual is formulated to protect the individual buyer's interests, as well as ensure his or her legal rights over the property being transferred. By executing this deed, the married couple, as granters, covey their interests in the property to the grantee (individual buyer), referred to as the grantee. The special warranty deed guarantees that the husband and wife granters have only conveyed their own interests in the property and that they will defend the title against any claims arising during their ownership. It does not, however, warrant against claims or encumbrances that existed prior to their ownership. In simple terms, it provides some level of protection for the grantee against any potential defects or issues with the property's title during the time the husband and wife owned it. It is important to note that variations of the McAllen Texas Special Warranty Deed — Husband and Wife to Individual may exist, depending on the specific circumstances or requirements of the parties involved. These variations include: 1. McAllen Texas Special Warranty Deed — Marital Community Property: This type of special warranty deed is used when the property being transferred is classified as marital community property, meaning both spouses have equal ownership rights. It requires the signatures of both husband and wife to convey the property to an individual. 2. McAllen Texas Special Warranty Deed — Separate Property: In cases where the property being conveyed is the separate property of one spouse, this variation of the special warranty deed is utilized. It involves the signature of the spouse who owns the separate property, along with the consent of the non-owning spouse, to transfer the property to an individual. In either case, the McAllen Texas Special Warranty Deed — Husband and Wife to Individual ensures that the grantee receives the property with some level of protection against defects or claims arising during the granters' ownership, while also establishing clear ownership transfer. It is crucial for all parties involved to seek legal counsel during the drafting and execution of the special warranty deed to ensure compliance with relevant Texas laws and regulations.
