This form is a Correction Warranty Deed where the Grantor is an individual and the Grantee is an individual. This deed is used to correct a mutual mistake: misspelled name of a party. This deed complies with all state statutory laws.
A Collin Texas Correction Warranty Deed is a legal document used in real estate transactions in Collin County, Texas, to transfer ownership of a property with certain legal guarantees. It provides the buyer with the assurance that the property being purchased has a clear title, and the seller is responsible for any future claims or liens on the property. The Collin Texas Correction Warranty Deed includes various important elements such as the names and addresses of both the buyer and the seller, the legal description of the property, and the purchase price. It also outlines the specific warranties being provided by the seller, which typically include the warranty of title, the warranty against encumbrances, the warranty of quiet enjoyment, the warranty of further assurances, and the warranty of possession. This type of warranty deed is commonly used in the state of Texas to ensure buyers' protection and establish a secure transfer of property ownership. Additionally, there are different variations or types of warranty deeds available in Collin County, Texas, including: 1. General Warranty Deed: This type of deed provides the highest level of protection to the buyer as it guarantees the title against any past claims or encumbrances, even if they occurred before the seller acquired the property. 2. Special Warranty Deed: This deed also provides certain assurances, but unlike the general warranty deed, it only covers claims or encumbrances that may have arisen during the seller's ownership of the property. It does not protect against any prior claims. 3. Limited Warranty Deed: This type of deed only offers warranties for specific issues or claims mentioned by the seller. It does not guarantee against all potential defects or encumbrances on the property. 4. Correction Warranty Deed: A correction warranty deed is used when there is an error or mistake in a previously executed deed. It aims to rectify any inaccuracies or omissions that may have occurred and clarify the ownership of the property. In conclusion, a Collin Texas Correction Warranty Deed is a legally binding document used in real estate transactions in Collin County, Texas, to transfer property ownership with certain warranties and assurances. It provides buyers with peace of mind and protection against any claims or encumbrances on the property. Different types of warranty deeds exist, including general warranty deeds, special warranty deeds, limited warranty deeds, and correction warranty deeds.
