Colorado Special Warranty Deed Form
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Definition
What is a special warranty deed in Colorado?
The words "statutory exceptions", when used in any deed, mean that the grantee accepts title to the conveyed property subject to: (I) Real estate taxes for the calendar year in which the conveyance occurred and subsequent years that are not yet due and payable; (II) All matters that are disclosed or that would have ... Deeds - short form - acknowledgment - effect, Colo. Rev. Stat. § 38-30-113 casetext.com https://casetext.com › statute › article-30-titles-and-interests casetext.com https://casetext.com › statute › article-30-titles-and-interests
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Which deed has the most protection?
General Warranty Deeds: A General Warranty Deed, also known as a 'full warranty deed,' offers the highest level of buyer protection. It guarantees that the property is free from any liens or encumbrances, regardless of when they originated.
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What is the difference between a special and general warranty deed?
A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during their ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.
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Who benefits the most from a warranty deed?
Who Benefits the Most from Recording a Warranty Deed? The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
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What is the safest type of deed?
General warranty deed This guarantees the buyer over the property's entire history, meaning it covers acts taken by all previous owners on the title. It's the type of deed that offers the most buyer protection.
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What is the weakest type of deed?
Quitclaim Deed There are no covenants or warranties by the grantor and this deed offers the lowest amount of protection to the grantee. This type of deed is also frequently used in transfers between family members and related transactions.
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What is the highest level of deed?
General warranty deed: As a homebuyer, a general warranty deed is the preferred option. That's because it provides assurances that you are receiving the property free of any present or past title defects or claims. This is the highest level of protection a buyer can receive when property ownership is transferred.
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What is the best type of deed to have?
General warranty deeds give the grantee the most legal protection, while special warranty deeds give the grantee more limited protection. A quitclaim deed gives the grantee the least protection under the law.
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What is the difference between a warranty deed and a special warranty deed in Colorado?
Special Warranty Deed: A Special Warranty Deed is similar to a Warranty Deed in that the seller warrants the property against any defects that arose during the seller's ownership of the property, but differs from a Warranty Deed in that the seller does not warrant against any defects that existed prior to the seller ...
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What are the disadvantages of a special warranty deed?
Special warranty deed Advantages and Disadvantages ALSO READ How does a Cloud on Title Affect the Purchase and Sale of Property? – Reduced Buyer Protection: Buyers receive less protection compared to a General Warranty Deed. They need to be more diligent in investigating the property's title history.
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Which deed contains the strongest warranty?
A General Warranty Deed offers the highest protection, guaranteeing freedom from all encumbrances and claims, while a Special Warranty Deed provides limited protection, covering only title defects that arose during the grantor's ownership.
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Why do people use a special warranty deed?
A special warranty deed is a type of real estate deed used to transfer property ownership from one person to another. By using this particular deed, the seller is guaranteeing to the buyer that there are no defects or problems with the property title during the time that they owned the property.
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Which deed is the strongest?
What Is the Strongest Type of Deed? For real estate buyers, a general warranty deed provides greater protection than any other type of deed. While it's the best deed for the grantee, it gives the grantor the most liability.
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Requirements
What are the requirements for a special warranty deed in Colorado?
In a Special Warranty Deed, the extent of the warranties is much more limited. The Seller warrants title only for the time that the Seller was in title to the property, and not for any prior owner. General and Special Warranty Deeds - Land Title Guarantee Company ltgc.com https://.ltgc.com › resources › deeds-use ltgc.com https://.ltgc.com › resources › deeds-use
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