Warranty Deed from Individual to Corporation South Carolina Form
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People also ask
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What are the disadvantages of a special warranty deed?
Special warranty deed Advantages and Disadvantages ALSO READ How does a Cloud on Title Affect the Purchase and Sale of Property? – Reduced Buyer Protection: Buyers receive less protection compared to a General Warranty Deed. They need to be more diligent in investigating the property's title history.
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What type of deed is best for a house?
General warranty deeds give the grantee the most legal protection, while special warranty deeds give the grantee more limited protection. A quitclaim deed gives the grantee the least protection under the law.
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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 does a limited warranty deed mean?
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. Despite this, it is useful in some situations. Find out more about real estate and business. by Brette Sember, J.D.
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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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What is a limited warranty?
What Is a "Limited Warranty"? A "limited warranty" restricts the warranty to specific parts, certain types of defects, or has other limitations. Limited warranties, unlike full warranties, can include a provision that restricts implied warranties to the length of the limited warranty.
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How to transfer a deed in South Carolina?
In South Carolina, the grantor must sign the deed in front of two witnesses and in the presence of an individual authorized by the state to administer an oath. Record the completed deed at the local county Recorder's office, along with an Affidavit of True Consideration (S.C. Code Ann.
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What is the difference between a limited warranty deed and a warranty deed?
A limited warranty deed—which is useful in transferring foreclosed properties—provides the buyer with some guarantees about the title, but it does not offer the complete protection of a general warranty deed.
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