Warranty Deed for Separate or Joint Property to Joint Tenancy Colorado Form
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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 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 different deed forms in Colorado?
The four basic deed forms in Colorado are general warranty, special warranty, bargain and sale, and quitclaim. In this order, each provides a decreasing number of title warranties to the buyer.
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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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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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How do I transfer property to a family member in Colorado?
The grantor must clearly identify the property being transferred and sign the deed in the presence of a notary public. The deed must then be filed with the county clerk and recorder's office in the county where the property is located. This ensures the transfer is recorded and accessible for public records.
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Does Colorado recognize joint tenancy with right of survivorship?
Most importantly, a joint tenancy creates a “right of survivorship,” which means that when one owner dies, his or her interest passes to the surviv- ing joint owner(s).
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What is the difference between a general warranty deed and a special warranty deed in Colorado?
In short, the distinction between the two forms of “warranty” deeds is that in a general warranty deed, the seller warrants against anything any owner of the property ever did to encumber title and in a special warranty deed the seller only warrants against anything the seller did to encumber title.
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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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