Warranty Deed from Corporation to Husband and Wife Virginia Form
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People also ask
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Is an unrecorded deed valid in Virginia?
What Are the Consequences of Not Recording a Deed in Virginia? If you do not record your deed in Virginia, the deed will not be valid, and the grantee will not have any legal claim to the property.
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Why do people use 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 a special warranty deed in VA?
Special Warranty Deed Offers less protection than a General Warranty Deed. The seller only guarantees that they have done nothing during their ownership to encumber the property. It does not cover any issues that may have arisen before they took ownership.
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What are the disadvantages of a special warranty deed?
Cons: Fewer protections for buyers, who are now responsible for addressing any previous liens or claims for the property. Lenders and title companies may refuse to help buyers secure financing or title insurance for a property sold under special warranty.
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What are the requirements for a warranty deed in Virginia?
Notices and Disclosures. Capital Letters – The grantor and grantee must be listed in the first clause/sentence of the document and their names must be in capital letters. Statutory Form – Must contain the wording, substantially or as-is, “that he will warrant generally the property hereby conveyed.”
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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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What is a special warranty deed in Virginia?
Special Warranty Deed Offers less protection than a General Warranty Deed. The seller only guarantees that they have done nothing during their ownership to encumber the property. It does not cover any issues that may have arisen before they took ownership.
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What are the different types of deeds in Virginia?
Types of Deeds for Real Estate Quitclaim deeds. General warranty deeds. Special warranty deeds. Transfer-on-death deeds. Life estate deeds. Deeds of trust. Deeds of gift.
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