Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee South Carolina Form
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People also ask
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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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Which type of deed is used by a grantor?
The grant deed is used when a person who is on the current deed transfers ownership or adds a new owner. The grantor (donor or seller) promises that all rights to the property are being transferred—there are no hidden owners or easements.
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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 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 difference between a limited warranty deed and a warranty deed?
Both a general warranty deed and limited warranty deed make a specific promise about giving clear title to the property. Both deeds contain a promise that the grantor is conveying clear title to the property. But, the difference between the general warranty and limited warranty is the duration of that promise.
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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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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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Which deed provides the best warranty for the grantee?
A general warranty deed is the most common type of warranty deed in the United States. It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home – even dating back to prior property owners.
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