Exhibit S Form of Special Warrantly Deed AustinTexas Gov
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People also ask
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What is the difference between a warranty deed and a special warranty deed in Texas?
To summarize, a Special Warranty Deed states that there were no claims against the property title during the time when the seller or grantor owned it. On the other hand, a General Warranty Deed states that there were no title defects at any point in time.
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Can you sell a house with a special warranty deed in Texas?
A special warranty deed guarantees that the grantor owns and can sell the property. To the best of their knowledge, they are the owner of the property.
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Does a warranty deed prove ownership in Texas?
A warranty deed does not actually prove ownership of a property. The best way to establish ownership is through a title search, which examines public records to determine if any liens, third-party claims, or other issues could affect ownership.
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Why would you use a special warranty deed in Texas?
Special Warranty Deeds are commonly used when property owners are divorcing or are divorced. Since the parties both own the property, it is acceptable to use a Special Warranty Deed when one owner transfers his or her interest in the property to the other owner.
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What are the disadvantages of a special warranty deed?
Cons: Fewer protections for buyers, who are now responsible for addressing any previous liens or claims for the property. Lenders and title companies may refuse to help buyers secure financing or title insurance for a property sold under special warranty.
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How do I get a special warranty deed in Texas?
Obtain a special warranty deed form: You can obtain a special warranty deed form from a real estate attorney or from the Texas Real Estate Commission. Complete the form: You will need to provide the names and addresses of the grantor and grantee, as well as a description of the property being transferred.
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Can I sell a house with a special warranty deed in Texas?
A special warranty deed guarantees that the grantor owns and can sell the property. To the best of their knowledge, they are the owner of the property.
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What are the disadvantages of a special warranty deed?
Cons: Fewer protections for buyers, who are now responsible for addressing any previous liens or claims for the property. Lenders and title companies may refuse to help buyers secure financing or title insurance for a property sold under special warranty.
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