A Pearland Texas Special Assumption Warranty Deed is a legal document that is used to transfer ownership of real property (such as land or a house) in Pearland, Texas, while also providing certain warranties and assumptions by the seller. This type of deed is commonly used in real estate transactions in Pearland to provide additional protection to the buyer. A Special Assumption Warranty Deed guarantees that the seller holds clear title to the property and has the right to sell it. It also ensures that the property is free from any encumbrances, such as liens or judgments, which could affect the buyer's ownership rights. In addition to these general warranties, a Special Assumption Warranty Deed includes specific assumptions made by the seller regarding the property. Some common types of Pearland Texas Special Assumption Warranty Deeds include: 1. General Assumption Warranty Deed: This type of deed provides the buyer with the broadest form of warranty protection. The seller guarantees that they have good title to the property and will defend against any claims made by third parties. 2. Limited Assumption Warranty Deed: This deed provides a more limited form of warranty protection. The seller guarantees that they have good title to the property but will only defend against certain specified claims, typically those arising during the time of their ownership. 3. Warranty Deed with Reservation: In this type of deed, the seller reserves certain specific rights to the property. For example, they may reserve an easement or the right to access a portion of the property. 4. Quitclaim Deed: While not a Special Assumption Warranty Deed, it is worth mentioning that a quitclaim deed is another common type of deed used in Pearland, Texas. Unlike a warranty deed, a quitclaim deed provides no warranties or guarantees about the seller's title to the property. It simply transfers whatever ownership interest the seller may have without any warranties or assumptions. When considering a real estate transaction in Pearland, it is advisable to consult with a qualified real estate attorney who can guide you through the process and ensure the proper execution of the chosen deed.
Pearland Texas Special Assumption Warranty Deed
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