State Bar of Wisconsin Form 2 WARRANTY DEED Wi Ctic Com

Understanding the State Bar of Wisconsin Form 2 Warranty Deed

The State Bar of Wisconsin Form 2 is a warranty deed used to transfer property ownership in Wisconsin. This legal document ensures that the seller (grantor) guarantees clear title to the buyer (grantee), meaning there are no undisclosed claims or liens against the property. It is essential for both parties to understand the implications of this form, as it provides legal protection and establishes the rights of ownership.

Steps to Complete the State Bar of Wisconsin Form 2 Warranty Deed

Completing the State Bar of Wisconsin Form 2 requires careful attention to detail. Here are the steps involved:

1. Begin by entering the names and addresses of both the grantor and grantee at the top of the form.
2. Clearly describe the property being transferred, including its legal description, which can usually be found on the current deed or tax records.
3. Specify the consideration, or the amount paid for the property, in the appropriate section.
4. Both parties must sign the document in the presence of a notary public to ensure that the signatures are valid.
5. File the completed warranty deed with the local county register of deeds office to make the transfer official.

Legal Use of the State Bar of Wisconsin Form 2 Warranty Deed

The State Bar of Wisconsin Form 2 is legally binding once properly executed. It serves to protect the interests of both the grantor and grantee by ensuring that the property title is free from defects. This form is essential in real estate transactions, as it provides a clear record of ownership and can be used to resolve disputes regarding property rights. It is advisable to consult with a legal professional when using this form to ensure compliance with all state laws and regulations.

Key Elements of the State Bar of Wisconsin Form 2 Warranty Deed

When filling out the warranty deed, several key elements must be included for the document to be valid:

• Grantor and Grantee Information: Full names and addresses of both parties.
• Legal Description of Property: A detailed description of the property being transferred.
• Consideration: The amount paid for the property, which must be stated clearly.
• Signatures: Both parties must sign the document in front of a notary public.
• Notary Acknowledgment: A section for the notary to verify the identities of the signers.

Obtaining the State Bar of Wisconsin Form 2 Warranty Deed

The State Bar of Wisconsin Form 2 can be obtained through various means. It is available online from the State Bar of Wisconsin's official website, where users can access a fillable PDF version. Additionally, local county register of deeds offices may provide physical copies of the form. It is important to ensure that the most current version of the form is used to comply with legal requirements.

State-Specific Rules for the State Bar of Wisconsin Form 2 Warranty Deed

Wisconsin has specific rules governing the use of warranty deeds. The form must adhere to state laws regarding property transfers, including requirements for notarization and recording. Additionally, it is important to check for any local regulations that may apply, as counties may have additional requirements for filing. Understanding these rules can help ensure that the property transfer is executed smoothly and legally.