Warranty Deed for Corporation to Corporation Indiana Form
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People also ask
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Which of the following statements about a general warranty deed is true?
Concerning a general warranty deed, the correct statement is: B) It provides a guarantee against all title defects. A general warranty deed is a legal document used in real estate transactions which provides the greatest protection to the buyer.
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Which of the following describes 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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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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Which of the following is true regarding a quitclaim deed?
Quitclaim deeds are a type of legal instrument used to transfer interest in real property. The correct statement is: a. They convey after acquired title. This means that if the grantor acquires the property after the quitclaim deed has been given, the interest passes to the grantee.
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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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What is the meaning of special warranty deed?
A special warranty deed is a deed to real estate where the seller of the property—known as the grantor—warrants only against anything that occurred during their physical ownership. In other words, the grantor doesn't guarantee against any defects in clear title that existed before they took possession of the property.
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Which of the following is true regarding a special warranty deed?
Final answer: The true statement regarding a special warranty deed is that the grantor's warranties are limited to the time the grantor owned the property. This means that the grantor is not responsible for any claims or issues that arose prior to their ownership.
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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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