This form is a General Warranty Deed with Vendor's Lien where the grantor is an individual and the grantees are two individuals. Grantor conveys and generally warrants the described property to the Grantees. This deed complies with all state statutory laws.
A General Warranty Deed with Vendor's Lien is a legal document used in Round Rock, Texas, to transfer ownership of real estate from a seller (vendor) to a buyer. This type of deed provides the buyer with certain assurances and protections regarding the property's title and any potential encumbrances or liabilities. It also includes a vendor's lien, which gives the seller some security by allowing them to claim a lien on the property until all agreed-upon payment terms are met. In Round Rock, Texas, there are generally two types of General Warranty Deed with Vendor's Lien: 1. Traditional General Warranty Deed with Vendor's Lien: This is the most common type of deed used in real estate transactions in Round Rock, Texas. It provides the buyer with the highest level of protection by guaranteeing that the seller has clear, marketable title to the property and will defend the buyer against any claims to the title. The vendor's lien, in this case, is created to secure the seller's rights to payment. 2. Special Warranty Deed with Vendor's Lien: This variation of the General Warranty Deed with Vendor's Lien provides a narrower guarantee of title compared to the traditional version. It assures the buyer that the seller will defend against any claims arising only during the time the seller owned the property. However, it does not provide protection against claims originating before the seller's ownership. As with the traditional deed, the vendor's lien secures the seller's rights to payment. It is essential for both buyers and sellers in Round Rock, Texas, to understand the implications and provisions of a General Warranty Deed with Vendor's Lien. Buyers can have peace of mind knowing their title is protected, while sellers can ensure that their investment is secure until they receive full payment. It is advisable to consult with a qualified attorney or a reputable title company to ensure a thorough understanding of the legal implications of this type of deed in Round Rock, Texas.A General Warranty Deed with Vendor's Lien is a legal document used in Round Rock, Texas, to transfer ownership of real estate from a seller (vendor) to a buyer. This type of deed provides the buyer with certain assurances and protections regarding the property's title and any potential encumbrances or liabilities. It also includes a vendor's lien, which gives the seller some security by allowing them to claim a lien on the property until all agreed-upon payment terms are met. In Round Rock, Texas, there are generally two types of General Warranty Deed with Vendor's Lien: 1. Traditional General Warranty Deed with Vendor's Lien: This is the most common type of deed used in real estate transactions in Round Rock, Texas. It provides the buyer with the highest level of protection by guaranteeing that the seller has clear, marketable title to the property and will defend the buyer against any claims to the title. The vendor's lien, in this case, is created to secure the seller's rights to payment. 2. Special Warranty Deed with Vendor's Lien: This variation of the General Warranty Deed with Vendor's Lien provides a narrower guarantee of title compared to the traditional version. It assures the buyer that the seller will defend against any claims arising only during the time the seller owned the property. However, it does not provide protection against claims originating before the seller's ownership. As with the traditional deed, the vendor's lien secures the seller's rights to payment. It is essential for both buyers and sellers in Round Rock, Texas, to understand the implications and provisions of a General Warranty Deed with Vendor's Lien. Buyers can have peace of mind knowing their title is protected, while sellers can ensure that their investment is secure until they receive full payment. It is advisable to consult with a qualified attorney or a reputable title company to ensure a thorough understanding of the legal implications of this type of deed in Round Rock, Texas.
