general warranty deed texas free downloadable templates

GENERAL WARRANTY DEED TEXAS FREE DOWNLOADABLE TEMPLATES FULL
GENERAL WARRANTY DEED TEXAS FREE DOWNLOADABLE TEMPLATES PROFESSIONAL

A general warranty deed provides maximum protection to the grantee. Within the two main types of deeds, warranty and quitclaim, there are other categories.

How Proof of Ownership is Established Types of Warranty Deeds Warranty deeds are most appropriate during traditional property sales, whereas quitclaim deeds are used most often among family members, beneficiaries, and heirs. The new owner will receive proof of all previous titles. Receiving a warranty deed guarantees that there are no liens or encumbrances on the property.

GENERAL WARRANTY DEED TEXAS FREE DOWNLOADABLE TEMPLATES FULL

The new owner has full rights to the property, and can sell it if desired. With a warranty deed, the person purchasing the property has legal protection from any prior liens, claims, or demands against the property that occurred in the past. You would not want to use a quitclaim deed to transfer property to a stranger, or if there is any chance of legal matters down the road.Ī warranty deed gives the property purchaser much more protection. A quitclaim gives the new owner no legal recourse against the grantor if the property has an issue.

GENERAL WARRANTY DEED TEXAS FREE DOWNLOADABLE TEMPLATES PROFESSIONAL

Two or more parties who are in a personal or professional relationship tend to use quitclaim deeds, often when the property isn’t sold. Yet these two deeds are very different.Ī quitclaim deed, or a non-warranty deed, offers much less legal protection than a warranty deed. Warranty deeds and quitclaim deeds are often used in conjunction with one another. It is necessary to use a warranty deed to secure the grantee’s legal ownership and claim to the property. In a warranty deed, one will include a legal description of the property, the name of the person transferring the property (grantor), the name of the person taking ownership (grantee), and details of the ownership transfer. A warranty deed states that a property owner has sole claim to the property – in other words, that no other entity has a lien on the piece of land or home. A warranty deed is a legal document that people use to transfer property.

General warranty deed texas free downloadable templates