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 McAllen Texas Correction Warranty Deed is a legally binding document that transfers ownership of real estate property in McAllen, Texas, from one party to another, guaranteeing that the property is free from any undisclosed defects or claims. This type of deed provides a level of protection to the new property owner by warranting that the seller has the lawful right to sell the property, and that there are no outstanding liens, mortgages, or other encumbrances on the property. There are two main types of McAllen Texas Correction Warranty Deeds: General Warranty Deed and Special Warranty Deed. 1. General Warranty Deed: This is the most common type of warranty deed used in McAllen, Texas. It offers the highest level of protection to the buyer as it not only guarantees that the seller has the legal right to sell the property but also provides warranties against any defects in the title, including those arising from previous owners. The seller assures the buyer that the property is free from any encumbrances or claims, except as stated in the deed. 2. Special Warranty Deed: This type of warranty deed, also known as a Limited Warranty Deed, offers a more limited level of protection compared to the General Warranty Deed. The seller only guarantees the property against any defects or encumbrances that occurred during their ownership. This means that they do not warrant against any issues that may have arisen before their ownership. The Special Warranty Deed is often used when the seller wants to limit their liability or when the buyer is aware of potential title issues but is willing to proceed with the transaction. A McAllen Texas Correction Warranty Deed is an important legal document that ensures a smooth transfer of property ownership and protects both the buyer and the seller. It is recommended to consult with a qualified real estate attorney or title company when dealing with such deeds to ensure compliance with local laws and regulations.A McAllen Texas Correction Warranty Deed is a legally binding document that transfers ownership of real estate property in McAllen, Texas, from one party to another, guaranteeing that the property is free from any undisclosed defects or claims. This type of deed provides a level of protection to the new property owner by warranting that the seller has the lawful right to sell the property, and that there are no outstanding liens, mortgages, or other encumbrances on the property. There are two main types of McAllen Texas Correction Warranty Deeds: General Warranty Deed and Special Warranty Deed. 1. General Warranty Deed: This is the most common type of warranty deed used in McAllen, Texas. It offers the highest level of protection to the buyer as it not only guarantees that the seller has the legal right to sell the property but also provides warranties against any defects in the title, including those arising from previous owners. The seller assures the buyer that the property is free from any encumbrances or claims, except as stated in the deed. 2. Special Warranty Deed: This type of warranty deed, also known as a Limited Warranty Deed, offers a more limited level of protection compared to the General Warranty Deed. The seller only guarantees the property against any defects or encumbrances that occurred during their ownership. This means that they do not warrant against any issues that may have arisen before their ownership. The Special Warranty Deed is often used when the seller wants to limit their liability or when the buyer is aware of potential title issues but is willing to proceed with the transaction. A McAllen Texas Correction Warranty Deed is an important legal document that ensures a smooth transfer of property ownership and protects both the buyer and the seller. It is recommended to consult with a qualified real estate attorney or title company when dealing with such deeds to ensure compliance with local laws and regulations.
