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BUSINESS PERSONAL REAL ESTATE CONTRACTOR STATE SPECIFIC
Special Warranty Deed
 
Product Summary:

Used to convey an intererest in real estate, where the grantor does not warrant against the defects arising from conditions that existed before he/she owned the property.



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Product Details:
Current and Compliant Money Back Guarantee

Helping you transfer ownership of real property, and giving assurance that nothing you have done during your period of ownership will affect the new owner’s title to the property.

Can be used to transfer title to property and indemnify the new owner against any claim arising from the previous owner’s actions.

When the owner of a piece of real estate (grantor) wants to transfer ownership or partial ownership of the property to another person (grantee), he or she needs to affirm that he or she is entitled to do so, so that the new owner can be assured that he or she will hold good title to the property.

This two-page form allows the grantor to make this transfer, while guaranteeing that he or she is entitled to do so, and affirming that no action undertaken during his or her time as owner has created any outstanding claim on the property (such as an unpaid mortgage or a tax lien). If there is any such liability, the grantor agrees to indemnify the new owner of any arising costs. Unlike a general warranty deed, this form does not guarantee that there is no claim arising from the actions of an earlier owner.

TWO-PAGE FORM ALLOWS YOU TO SPECIFY:

  • names and addresses of grantor and grantee
  • description of the property being transferred
  • description of the deed giving grantor title to the property

IT ALSO GIVES YOU:

  • legal wording for the transfer of ownership
  • legal wording for the guarantee of title and the indemnification of the new owner
  • legal wording for the notary’s witnessing statement

Contents reviewed and approved by attorneys or industry experts


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All Socrates products and services are reviewed and approved by attorneys, accountants or industry experts. If you have any questions, call us at 1.312.762.5680 or email us at customerservice@socrates.com. Please note: These products are not intended to provide legal or financial advice or substitute for the advice of an attorney or advisor.
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