A Special Assumption Warranty Deed is a legal document used in real estate transactions specifically in Odessa, Texas. It transfers ownership of a property from the seller (granter) to the buyer (grantee) while providing certain assurances and protections. The Odessa Texas Special Assumption Warranty Deed includes specific clauses and warranties, ensuring that the granter possesses the legal right to sell the property and that there are no undisclosed liens or encumbrances. Furthermore, this type of deed guarantees that the granter will defend the title against any future claims or disputes, except for any restrictions explicitly mentioned in the deed. There are a few variations of the Special Assumption Warranty Deed that are commonly used in Odessa, Texas: 1. General Special Assumption Warranty Deed: This basic form of the deed provides broader assurance to the grantee, covering title defects or claims that may arise prior to the granter's ownership. 2. Limited Special Assumption Warranty Deed: This version limits the scope of assurance and warranty provided by the granter to specific claims or title defects that arose solely during the granter's ownership of the property. 3. Special Assumption Warranty Deed with Covenants: This type of deed comes with additional covenants or promises made by the granter to the grantee, which may include specific assurances about the property's condition or legal status. It is crucial for both buyers and sellers to understand the implications and obligations associated with the Odessa Texas Special Assumption Warranty Deed. Consulting with a qualified real estate attorney or title company is highly recommended ensuring the deed is correctly prepared, executed, and recorded.
Odessa Texas Special Assumption Warranty Deed
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