Warranty Deed from Corporation to Two Individuals Washington Form
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People also ask
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Which is the most common deed used in Washington to transfer real property?
General Warranty Deed. A general warranty deed is also called a statutory warranty deed, or just a warranty deed. This is the type of deed most commonly used in Washington real estate transactions.
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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 is the meaning of special warranty deed?
A special warranty deed is a deed in which the seller of a piece of property only warrants against problems or encumbrances in the property title that occurred during their ownership.
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Which is the most common deed used in Washington to transfer real property?
Statutory Warranty Deed (or just Warranty Deed) Warranty deeds are commonly used in purchase transactions where the buyer wants assurances as to the title of the property.
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What is the difference between a warranty deed and a statutory warranty deed in Washington state?
A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.
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What is a special warranty deed in Washington state?
A Washington special warranty deed transfers the ownership of real property from the grantor to a grantee with limited guarantees. The grantee obtains title to the property free of liability during the grantor's ownership period, but not for any previous owners.
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What is the difference between a warranty deed and a statutory warranty deed in Washington state?
A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.
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How do I transfer a property title in Washington state?
The laws about deeds and other conveyances are in RCW Chapter 64.04. The basic requirements for a deed in Washington are: it must be in writing, contain a legal description of the property, be signed by the grantor (the person(s) granting title to the property) and the grantor's signature must be signNowd.
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