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 commonly used in Odessa, Texas, to transfer property ownership from a husband and wife to an individual. This type of deed provides some assurances and protections to the grantee, or the buyer, in regard to the property title. Here is a detailed description of the Odessa Texas Special Warranty Deed — Husband and Wife to Individual, including its different types if applicable. A Special Warranty Deed is a legal instrument that conveys the title of real property from a husband and wife to an individual buyer. It assures the buyer that the husband and wife will defend the title against any claim that may arise during their ownership period but not regarding claims that existed prior to their tenure. The Odessa Texas Special Warranty Deed — Husband and Wife to Individual provides certain guarantees to the grantee. These guarantees include: 1. Ownership Transfer: The Special Warranty Deed signifies the transfer of ownership rights from the husband and wife to the individual buyer. It legally recognizes the buyer as the new owner of the property. 2. Warranty of Title during Ownership: The deed assures the buyer that the husband and wife warrant that they haven't done anything to create any encumbrances or defects in the property title during their ownership. It implies that they haven't subjected the property to any liens, judgments, or other claims during their ownership, except for those mentioned in the deed. 3. Rights and Interest Transfer: By executing a Special Warranty Deed, the husband and wife confirm that they have the full right and authority to convey the property to the buyer. The deed ensures that the buyer will receive the property free from any undisclosed claims or limitations on ownership. 4. Backing of Special Warranty: This type of deed guarantees that the husband and wife will defend the title against any claims made against it during their ownership. However, these guarantees only apply to claims arising from their own actions and not to claims that existed prior to their ownership. 5. Exclusions: It's important for the buyer to understand that a Special Warranty Deed does not provide assurances or warranties regarding any defects or claims existing prior to the husband and wife's ownership. These claims, if any, are generally excluded from the warranties made in the deed. Types of Odessa Texas Special Warranty Deed — Husband and Wife to Individual: 1. General Special Warranty Deed: This type of deed provides protections and assurances to the buyer against any claims arising from the actions or omissions of the husband and wife during their ownership. It offers a comprehensive warranty to the grantee. 2. Limited Special Warranty Deed: A limited special warranty deed, also known as a "timed" special warranty deed, limits the granter's warranties to a specific period. This means that the husband and wife only offer warranties for claims that arise during their ownership, but the deed excludes any claims that predate their ownership. In conclusion, the Odessa Texas Special Warranty Deed — Husband and Wife to Individual is a legal instrument that facilitates the transfer of property ownership from a husband and wife to an individual buyer. It provides certain warranties and protections to the grantee, safeguarding their interest in the property. Buyers should carefully review the deed and consider seeking legal advice to ensure their rights and interests are adequately protected.A Special Warranty Deed is a legal document commonly used in Odessa, Texas, to transfer property ownership from a husband and wife to an individual. This type of deed provides some assurances and protections to the grantee, or the buyer, in regard to the property title. Here is a detailed description of the Odessa Texas Special Warranty Deed — Husband and Wife to Individual, including its different types if applicable. A Special Warranty Deed is a legal instrument that conveys the title of real property from a husband and wife to an individual buyer. It assures the buyer that the husband and wife will defend the title against any claim that may arise during their ownership period but not regarding claims that existed prior to their tenure. The Odessa Texas Special Warranty Deed — Husband and Wife to Individual provides certain guarantees to the grantee. These guarantees include: 1. Ownership Transfer: The Special Warranty Deed signifies the transfer of ownership rights from the husband and wife to the individual buyer. It legally recognizes the buyer as the new owner of the property. 2. Warranty of Title during Ownership: The deed assures the buyer that the husband and wife warrant that they haven't done anything to create any encumbrances or defects in the property title during their ownership. It implies that they haven't subjected the property to any liens, judgments, or other claims during their ownership, except for those mentioned in the deed. 3. Rights and Interest Transfer: By executing a Special Warranty Deed, the husband and wife confirm that they have the full right and authority to convey the property to the buyer. The deed ensures that the buyer will receive the property free from any undisclosed claims or limitations on ownership. 4. Backing of Special Warranty: This type of deed guarantees that the husband and wife will defend the title against any claims made against it during their ownership. However, these guarantees only apply to claims arising from their own actions and not to claims that existed prior to their ownership. 5. Exclusions: It's important for the buyer to understand that a Special Warranty Deed does not provide assurances or warranties regarding any defects or claims existing prior to the husband and wife's ownership. These claims, if any, are generally excluded from the warranties made in the deed. Types of Odessa Texas Special Warranty Deed — Husband and Wife to Individual: 1. General Special Warranty Deed: This type of deed provides protections and assurances to the buyer against any claims arising from the actions or omissions of the husband and wife during their ownership. It offers a comprehensive warranty to the grantee. 2. Limited Special Warranty Deed: A limited special warranty deed, also known as a "timed" special warranty deed, limits the granter's warranties to a specific period. This means that the husband and wife only offer warranties for claims that arise during their ownership, but the deed excludes any claims that predate their ownership. In conclusion, the Odessa Texas Special Warranty Deed — Husband and Wife to Individual is a legal instrument that facilitates the transfer of property ownership from a husband and wife to an individual buyer. It provides certain warranties and protections to the grantee, safeguarding their interest in the property. Buyers should carefully review the deed and consider seeking legal advice to ensure their rights and interests are adequately protected.
