A Collin Texas Special Assumption Warranty Deed is a legal document that transfers ownership of real estate property in Collin County, Texas, while guaranteeing certain assurances to the buyer. This type of deed is commonly used in real estate transactions and provides protection against any potential title defects or claims that may arise in the future. A Special Assumption Warranty Deed in Collin Texas specifically includes a warranty that the granter (seller) has not done anything during their ownership of the property to create any encumbrances or defects in the title, except for the specifically mentioned exceptions. The granter also warrants that the property is free from any undisclosed liens or judgments, except for any existing mortgage or lien assumption specified in the deed. By executing a Collin Texas Special Assumption Warranty Deed, the granter assures the buyer (grantee) that they are conveying good and marketable title to the property. The buyer is provided with the security that they will not face any legal issues arising from previous owners' actions affecting the property's title. It is important to note that this type of warranty deed only covers the period during which the granter held ownership of the property and does not provide protection against any defects or claims that may exist prior to the granter's ownership. In Collin County, there are different variations of the Special Assumption Warranty Deed, including: 1. General Special Assumption Warranty Deed: This is the most common form and provides a general warranty that the title is free from defects, except for the exceptions mentioned in the deed. 2. Special Assumption Warranty Deed with Specific Exceptions: This type of deed includes specific exceptions in which the granter explicitly notifies the buyer of any known defects or encumbrances that may exist on the property's title. 3. Special Assumption Warranty Deed with Limited Liability: This variation limits the liability of the granter to only those defects or title issues that occurred during their ownership, excluding any claims arising from previous owners. In summary, Collin Texas Special Assumption Warranty Deeds are legal documents used in real estate transactions to transfer ownership of property while providing assurances to the buyer regarding the title's integrity. Different variations of this deed exist, each with its own specific terms and conditions regarding liability and exceptions.