McKinney Texas Special Warranty Deed is a legal document used in real estate transactions within the city of McKinney, Texas. It involves the transfer of property from one party (granter) to another (grantee). A Special Warranty Deed provides assurances and protections to the grantee regarding the property's title, but only for certain specific claims or issues that may have arisen during the granter's ownership. Unlike a General Warranty Deed, which offers broad guarantees against any and all claims, a Special Warranty Deed only guarantees the title against claims or issues that arose during the granter's ownership. This means that the granter guarantees that they have not done anything to negatively affect the title, such as encumbering the property with liens or mortgages. However, it does not include any guarantees or protections for claims or issues that may have existed prior to the granter's ownership. In McKinney, Texas, the Special Warranty Deed can be further classified into two different types: the Special Warranty Deed for individuals and the Special Warranty Deed for entities. The Special Warranty Deed for individuals is used when an individual is the granter, transferring the property to another individual or entity. On the other hand, the Special Warranty Deed for entities is used when a corporation, partnership, or other legal entity is the granter. Both types of Special Warranty Deeds in McKinney, Texas, provide a level of protection to the grantee, ensuring that the property being transferred does not have any undisclosed issues or claims arising during the granter's ownership. However, it is important to note that a Special Warranty Deed may not offer the same comprehensive assurances as a General Warranty Deed. When engaging in real estate transactions in McKinney, Texas, it is essential to consult with a qualified attorney or real estate professional to fully understand the implications and protections provided by a Special Warranty Deed.
McKinney Texas Special Warranty Deed
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