Lewisville Texas Special Warranty Deed

• Category: Texas Court Samples - Real Estate - Deeds
• State: Texas
• City: Lewisville
• Control #: TX-C099
• Format: PDF

Description

Special Warranty Deed A Lewisville Texas Special Warranty Deed is a legal document that is used to transfer ownership of real estate or property located within the city of Lewisville, Texas. This type of deed is commonly used in real estate transactions and provides a limited guarantee by the seller that the property is free from any defects or encumbrances during their ownership. A special warranty deed in Lewisville, Texas typically includes specific provisions and guarantees made by the seller or granter. The granter guarantees that they have not encumbered the property during their ownership, except for any encumbrances specifically mentioned in the deed itself. These encumbrances may include things like liens, restrictions, or easements that were created or occurred during the granter's ownership. One of the key differences between a special warranty deed and a general warranty deed is the extent of the warranties provided. With a general warranty deed, the granter provides a full warranty and guarantees the property's title against any defects, even if they were created or occurred before their ownership. However, with a special warranty deed, the granter only guarantees the title against defects that may have arisen during their ownership. In Lewisville, Texas, there may be different types of special warranty deeds, depending on the specific circumstances of the transaction. Some common variations include: 1. Special Warranty Deed with Covenants: This type of deed includes additional covenants or promises made by the granter, which may provide further assurances to the buyer. These covenants could include guarantees against undisclosed liens, unknown claims, or unauthorized encumbrances. 2. Special Warranty Deed in Lieu of Foreclosure: This type of special warranty deed is often used in cases where a property is being transferred instead of going through the foreclosure process. It allows the lender to transfer the property to a new owner while providing limited warranties of title. 3. Limited Special Warranty Deed: This variation of a special warranty deed limits the extent of the warranties provided even further. In some cases, this type of deed may only guarantee the title against defects that have arisen during the granter's ownership, excluding any claims or encumbrances that may arise from the granter's predecessors. When entering into a real estate transaction in Lewisville, Texas, it is crucial to understand the type of special warranty deed being used and the specific guarantees and limitations it provides. Consulting with a qualified real estate attorney or title company can help ensure a smooth and legally sound transfer of property ownership.

A Lewisville Texas Special Warranty Deed is a legal document that is used to transfer ownership of real estate or property located within the city of Lewisville, Texas. This type of deed is commonly used in real estate transactions and provides a limited guarantee by the seller that the property is free from any defects or encumbrances during their ownership. A special warranty deed in Lewisville, Texas typically includes specific provisions and guarantees made by the seller or granter. The granter guarantees that they have not encumbered the property during their ownership, except for any encumbrances specifically mentioned in the deed itself. These encumbrances may include things like liens, restrictions, or easements that were created or occurred during the granter's ownership. One of the key differences between a special warranty deed and a general warranty deed is the extent of the warranties provided. With a general warranty deed, the granter provides a full warranty and guarantees the property's title against any defects, even if they were created or occurred before their ownership. However, with a special warranty deed, the granter only guarantees the title against defects that may have arisen during their ownership. In Lewisville, Texas, there may be different types of special warranty deeds, depending on the specific circumstances of the transaction. Some common variations include: 1. Special Warranty Deed with Covenants: This type of deed includes additional covenants or promises made by the granter, which may provide further assurances to the buyer. These covenants could include guarantees against undisclosed liens, unknown claims, or unauthorized encumbrances. 2. Special Warranty Deed in Lieu of Foreclosure: This type of special warranty deed is often used in cases where a property is being transferred instead of going through the foreclosure process. It allows the lender to transfer the property to a new owner while providing limited warranties of title. 3. Limited Special Warranty Deed: This variation of a special warranty deed limits the extent of the warranties provided even further. In some cases, this type of deed may only guarantee the title against defects that have arisen during the granter's ownership, excluding any claims or encumbrances that may arise from the granter's predecessors. When entering into a real estate transaction in Lewisville, Texas, it is crucial to understand the type of special warranty deed being used and the specific guarantees and limitations it provides. Consulting with a qualified real estate attorney or title company can help ensure a smooth and legally sound transfer of property ownership.