Collin Texas Correction Warranty Deed is a legal document that serves as proof of ownership transfer and provides certain assurances or warranties to the buyer in the Collin County area of Texas. This type of deed guarantees that the seller holds clear title to the property and has the legal right to sell it. The Collin Texas Correction Warranty Deed includes several key elements to ensure the buyer's protection and eliminate any potential legal issues that may arise in the future. Some of the vital components that are typically included in this document are: 1. Granter and Grantee Information: The Collin Texas Correction Warranty Deed identifies the involved parties, namely the granter (seller) and the grantee (buyer). Their full legal names, addresses, and contact details are mentioned in the deed. 2. Legal Property Description: A precise and comprehensive description of the property being transferred is provided, including its exact location, lot numbers, subdivision details, and any other necessary information to accurately identify the property. 3. Assurance of Clear Title: The Collin Texas Correction Warranty Deed assures the grantee that the seller has the legal right to transfer ownership and that the property is free from any liens, encumbrances, or claims that might challenge the grantee's ownership in the future. 4. Covenants and Warranties: This document usually contains covenants and warranties from the granter to the grantee. These include the covenant of basin (ensuring the granter owns the property), the covenant of right to convey (ensuring the granter has the authority to transfer the property), and the covenant against encumbrances (guaranteeing that no undisclosed liens or claims exist on the property). It's important to note that although the description given above represents the general components of a Collin Texas Correction Warranty Deed, there may be variations or additional clauses depending on the specific circumstances or requirements of the transaction. It is always advisable to consult with a qualified attorney or real estate professional when preparing or reviewing such legal documents. In terms of different types of Collin Texas Correction Warranty Deeds, there may not be specific variations that are exclusively recognized as "types" under this name. However, it is common to see variations such as General Warranty Deed, Special Warranty Deed, or Quitclaim Deed in real estate transactions in Collin County, Texas. These may have slightly different warranties or assurances provided to the grantee, or they may be used in specific situations where the granter's level of guarantee may vary. Each of these variations has its own distinct purpose, and it is crucial to understand the specific features and implications of each type to ensure a seamless property transfer process.