Warranty Deed Georgia PDF Form
What makes the warranty deed legally valid?
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People also ask
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What is the usual reason for using a quitclaim deed?
Quitclaim deeds, therefore, are commonly used to transfer property within a family, such as from a parent to an adult child, between siblings, or when a property owner gets married and wants to add their spouse to the title. Married couples who own a home together and later divorce also use quitclaim deeds.
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What is the difference between a warranty deed and a limited warranty deed in Georgia?
A warranty deed's warranty covers the property's entire history, while a limited warranty deed's warranty covers only the period during which the grantor owned the real estate.
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Does a spouse have the right to property after signing a quit claim deed in Georgia?
Quitclaim deeds are ideal for non-commercial transactions where guarantees regarding the property's title, ownership, or insurance are not provided to the grantee. These deeds are commonly used for transferring property to family members, spouses, or into a living trust.
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Does Georgia have a special warranty deed?
In Georgia, a limited warranty deed (also known as a special warranty deed) transfers title in fee simple to the grantee with warranties and covenants of title that are limited only to acts arising by, through, or under the grantor.
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What are the disadvantages of a quit claim deed?
What are the Disadvantages of a Quit Claim Deed? No Protections For The Transaction: Unlike warranty deeds, a quitclaim deeds does not offer protections for the new property owner. There is no way to guarantee that the property is owned free and clear, and that there are no easements or restrictions.
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How to get a warranty deed in Georgia?
Warranty Deeds require a PT-61 and payment of transfer tax at the time of recording unless exempt; O.C.G.A. §48-6-1; §48-6-2. PT-61's are available online. Forms must be completed online, printed and submitted with deed at the time of recording.
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What is required for a quit claim deed in Georgia?
There are only a few steps that are required: The two parties would fill out a deed that includes certain basic information about the parties, properties, and transaction. Both parties would sign the deed and have it signNowd. The quitclaim deed is then filed with the local county clerk's office.
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What is a quit claim deed in GA?
Quit claim deeds, also called a non-warranty deeds, are sometimes used to transfer property as well as clear titles. Sellers tend to be more willing to transfer property through quit claim deeds. However, quit claim deeds offer no warranty that the grantor owns or has any rights to transfer the property.
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