Madeleine Threlkeld November 23, 2021 Deed
In principle,in real estate transactions,warranty deed is used to realize two important mechanisms.
The first is for legal procedures where the buyer is the new owner of a property,while making the seller no longer the owner. In other words,the deed used to guarantee ownership rights to the buyer and seller releases all shares in the property being transacted.
Second,the warranty deed is used to ensure all obligations and defenses to the buyer are welcomed by the seller. For example,if there is a defect in the title in the future,for the buyer,this deed will work as a mechanism to guarantee ownership rights that are free from burdens.
Step #1:At the very top,write the identity (name and address) of the intended individual. Usually it is the buyer or a legal representative appointed by the buyer.
Step #2:Write down the name of the county where the property is located.
Step #3:Fill in the transfer date.
Step #4:Enter the identity of the grantor (name,region,state)
Step #5:Include the identity of the grantee (name,region,state)
Step #6:Write down the amount paid by the grantee.
Step #7:Explain the legal description of the property being transacted. Usually stated in the previous deed.
Step #8:Signature and date (done in front of a notary and witnesses)
Step #9:The original deed is submitted to the grantee to be forwarded to the clerk of the local higher court.