General Warranty Deed from an Individual to Two Individuals with a Retained Life Estate in Grantor South Carolina Form
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People also ask
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What is the life estate deed?
The life estate deed within a life estate is a document that grants the owner the ability to pass on ownership of a property without including it in a will as part of their estate assets.
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How to get a warranty deed in South Carolina?
Warranty deeds in South Carolina require two witnesses. A notary public may function as one of the witnesses. A deed can also be proved by the affidavit of a subscribing witness to the instrument, taken before an officer in the state competent to administer oaths (30-5-30A).
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Why is it called a warranty deed?
A warranty deed is a legal document used in property transactions that guarantees the property is free from claims or liens. It provides a title warranty to the buyer, ensuring protection against future claims or disputes.
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How to file a quit claim deed in SC?
Laws. Recording – All forms must be filed at the County Recorders of Deeds. Signing – A quit claim deed in South Carolina is required to be signed in the presence of a notary public and two subscribing witnesses in order to be recorded. The Notary Public is able to act as one of the witnesses.
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What is a warranty deed in South Carolina?
Types of Deeds in South Carolina Warranty deeds provide protection to the buyer in the form of a warranty by the seller that guarantees no issues with the title. Limited warranty deeds provide a guarantee that nothing has happened with the title during the time the seller has owned the property.
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How do I transfer a land title in South Carolina?
New Owners Fill out a Transfer of Ownership form. This form must include the previous owner's signature as well as a notary signature. Send to the Division immediately.
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What is a life estate deed in South Carolina?
A life estate is a type of holding where you divide ownership into two phases: a life estate and a remainder. As a property owner, you change the ownership so that you only hold the property during your lifetime. This means nothing will be left of your interest to pass on to someone else, such as through your will.
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What is a limited warranty deed in South Carolina?
A limited warranty deed transfers legal title to real property. However, this type of deed does not promise clear title; it only guarantees the title for the period during which the grantor owned it.
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