Warranty Deed from Two Individuals to Corporation Indiana Form
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People also ask
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What is the primary difference between a special warranty deed and a general warranty deed?
While the seller in a Warranty Deed must defend the title against all other claims and compensate the buyer for any unsettled debts or damages, the seller in a Special Warranty Deed is only responsible for debts and problems accrued or caused during his ownership of the property.
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What is the most common type of warranty deed?
A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete “chain of ownership”; and.
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What is the difference between a warranty deed and a general warranty deed?
A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property. Both general warranty deeds and special warranty deeds provide the same general protections for the buyer.
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What is the main purpose of a warranty deed?
A warranty deed is a legal real estate document that protects the buyer and ensures that the seller holds a clear title to the property, has no outstanding liens or mortgages, and there will be no future claim to the title 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 a corporate warranty deed in Indiana?
Under a warranty deed, the transferor guarantees that the real estate is “free from all encumbrances and that he will warrant and defend the title to the same against all lawful claims.” IND. CODE 32–1–2–12.1 The existence of a highway easement constitutes a bsignNow of a covenant against encumbrances.
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