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.
Collin Texas Special Assumption Warranty Deed
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SPECIAL Warranty Deed prepared for $195 Board Certified by the Texas Board of Legal Specialization in Residential Real Estate Law.
As a property owner and grantor, you can obtain a warranty deed for the transfer of real estate through a local realtor's office, or with an online search for a template. To make the form legally binding, you must sign it in front of a notary public.
To create a special warranty deed, specific language must be included to limit the warranty to the period when the person signing the deed owned the property. In addition to the proper vesting and warranty language, a special warranty deed must contain all of the elements of other Texas deeds.
General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.
To make the form legally binding, you must sign it in front of a notary public. You must then file your signed and notarized deed with the county office that's in charge of recording property documents. Once the grantee signs the warranty deed, he/she legally has ownership and claim to the property.
The Texas special warranty deed form provides a limited warranty of title. With a special warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.
Special Warranty Deed TX A Special Warranty Deed is a document that transfers title with both express and implied warranties. However, unlike in a General Warranty Deed, the Grantor only warrants the title from the time the Grantor has owned the property.
A special warranty deed is more limited than a general warranty deed, and it only warrants that title is free and clear from other claims during the time period of the grantor's ownership. It does not offer any protection for claims arising prior to the grantor's ownership.
No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.
Special Warranty Deed TX A Special Warranty Deed is a document that transfers title with both express and implied warranties. However, unlike in a General Warranty Deed, the Grantor only warrants the title from the time the Grantor has owned the property.