A statutory warranty deed is a form of real property conveyance in some states. It is typically an abbreviated form of a warranty deed, authorized by a statute that allows a deed in the statutory form to include the standard title covenants found in a warranty deed by implication, without the necessity of stating them.
What is a statutory warranty?
Jul 02, 2021 · A statutory warranty deed is a legal apparatus that shifts the ownership of real estate from the seller known as the grantor to the buyer known as the grantee. This form of deed ensures that the grantor has complete and clear title to the property and that the buyer will be compensated if any claims against the title arise in the future.
How to get a warranty deed?
Nov 16, 2021 · A statutory warranty deed is a kind of real estate transportation in some states. It is normally a shortened kind of a warranty deed, licensed by a law that permits a deed in the statutory kind to consist of the typical title agreements located in a warranty deed by effects, without the need of specifying them.
What is an example of a warranty deed?
Oct 01, 2018 · A statutory warranty deed is a short-form deed that includes the promises of a long-form general warranty deed. It guarantees the grantor holds and is transferring full and legal title to the property. Using either a statutory or general warranty deed provides the most protection to the buyer of the property.
What is a warranty deed?
A statutory warranty deed is a form of real property conveyance in some states. It is typically an abbreviated form of a warranty deed, authorized by a statute that allows a deed in the statutory form to include the standard title covenants found in a warranty deed by implication, without the necessity of stating them.
What is statutory warranty deed in Florida?
A statutory warranty deed, also referred to as a general warranty deed in Florida, provides full and complete warranty of the title for the property being sold or transferred. This legally protects the grantee against any type of claim.
What is a statutory warranty deed in Alabama?
The Alabama statutory warranty deed form provides a limited warranty of title. With a statutory warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.
What is a statutory warranty deed in Washington state?
The Washington statutory warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property. The warranty is not limited to the time that the current owner owned the property.
What is a statutory warranty deed in Alaska?
An Alaska general warranty deed is used to sell a piece of real estate to another with a broad warranty of title. This means that the seller is guaranteeing that he or she holds legal title to the property and there are no other encumbrances and no other people who can claim an interest in the property.
What is a statutory warranty?
Statutory warranties are secondary considerations that are important but do not necessarily 'make or break' the deal in the same way as statutory conditions. Supply of goods. In all contracts for goods, consumers are protected by the inclusion of a number of statutory conditions and statutory warranties.
What is a warranty deed on a house?
A warranty deed is a legal document used when a piece of real estate is sold and the ownership is transferred from the grantor (seller) to the grantee (buyer). The form usually includes a description of the property and discloses all known encumbrances like easements, outstanding liens or judgments.Mar 25, 2022
What type of deed is not frequently used in Washington?
Quitclaim Deed This type of deed makes no guarantees as to the status of the property title and, therefore, is not commonly used in traditional real estate purchase transactions.Jan 13, 2015
Is Washington a deed state?
Washington State is not a tax lien state. We are a tax deed state. How does tax foreclosure work in the State of Washington? The County Treasurer is required by state law to start tax foreclosure on any real property which has a tax payment due that is three or more years' delinquent.
How does a quit claim deed work in Washington state?
The Washington quit claim deed form gives the new owner whatever interest the current owner has in the property when the deed is signed and delivered. It makes no promises about whether the current owner has clear title to the property.
What is full reconveyance?
When a deed of trust/mortgage is paid in full, you can record a Full Reconveyance from the trustee stating publicly that the loan has been paid. The Full Reconveyance Form is completed and signed by the trustee, whose signature must be notarized.
What is a special warranty?
A special warranty deed is a deed to real estate where the seller of the property—known as the grantor—warrants only against anything that occurred during their physical ownership. In other words, the grantor doesn't guarantee against any defects in clear title that existed before they took possession of the property.
What is a statutory warranty deed in Oregon?
An Oregon general warranty deed is used to convey property in Oregon from an owner to a purchaser. This type of deed includes a guarantee from the seller that he or she owns the property, has the legal authority to sell the property, and that the property is free and clear of any undisclosed claims.
How to get a warranty deed?
A statutory warranty deed is one of the most common deeds used in a sale of real property. It is executed after the contract of sale, title search and other closing documents have been prepared and payment has been provided. To use the form, follow these steps: 1 Obtain the statutory warranty form from your state's statutes or website, or engage an online service provider to assist you. 2 Fill in the name and address of the grantor in the spaces provided. 3 Fill in the name and address of the grantee in the spaces provided. 4 Fill in the legal description of the property (which you can find on the previous deed). 5 The grantor must sign and date the deed. In most states, the grantee does not need to sign the form. 6 Your state may require that the grantor's signature be notarized. If so, the grantor should sign in front of a notary. 7 File the deed with the county registrar's office.
What is statutory warranty deed?
A statutory warranty deed is a legal document that transfers ownership of real property from the seller (called the grantor) to the buyer (called the grantee). This type of deed guarantees that the grantor holds full and clear title to the property and will compensate the buyer should any claims ...
What is quitclaim deed?
A quitclaim deed conveys only what rights the grantor owns, and makes no promises that there are no other claims against the property, unlike a statutory warranty deed that does guarantee the title. A specialty warranty deed (as opposed to a general warranty deed) guarantees only that there were no claims made against the title while ...
What is a warranty deed?
The Washington statutory warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property. The warranty is not limited to the time that the current owner owned the property. This means that the current owner could be legally responsible for title issues that arose before the current owner acquired the property. In Washington, statutory warranty deeds are often used: 1 When a buyer is purchasing residential property from a seller for full value; 2 When the buyer does not intend to purchase title insurance; or 3 In other circumstances where the current owner is comfortable with the legal risk associated with an unlimited warranty of title.
What is a Quit Claim Deed in Washington?
Washington Quit Claim Deed Form – Provides no warranty of title. The grantee takes title “as is” and cannot sue the grantor for title problems (or even if the grantor didn’t own the property at all). A Washington warranty deed form also differs from two types of Washington deeds that are named after their estate planning (probate avoidance) feature:
What is statutory warranty deed?
A statutory warranty deed form creates risk for the grantor. The grantor is responsible—not just for his or her actions—but for all title issues, including those relating to the time before the grantor owned the property. Because of this risk, most grantors are unwilling to sign a statutory warranty deed unless the grantee is paying full value ...
What is a statutory warranty deed?
Christopher John. A statutory warranty deed, or special warranty deed, is a document that transfers ownership of land. A statutory warranty deed, or special warranty deed, is a document that transfers ownership of land. This type of deed contains specific promises from the person transferring the land, the grantor, to the person receiving the land, ...
What is the second type of deed?
The second type of deed is a general warranty deed, or a warranty deed. This type of deed provides specific promises to a grantee. The usual warranties in this deed are that the grantee has title to the land, that there are no encumbrances on the land except as stated in the deed, and that no other party will make a claim ...
What is the difference between a general warranty deed and a special warranty deed?
If the grantor used a general warranty deed, he would be liable to the grantee for any claims. A general warranty deed generally protects a grantee against claims from all people while a special warranty deed protects against claims that arise only from actions of the grantor.
What is a quit claim deed?
There's the quitclaim deed, a type of deed that does not provide any type of warranties to the grantee. A grantor that uses a quitclaim deed is only transferring whatever interest he may have in such property. Therefore, this type of deed does not provide any type of protection to a grantee from other people claiming an ownership interest in ...
What is a warranty deed in Washington?
A general warranty deed, or ‘statutory warranty deed’, is a document that transfers the ownership of real estate with a guarantee in the title, that is vested in fee simple, to the ownership of the property along with all past owners. When a conveyance of land takes place the new owner is listed as ...
What is warranty deed?
Warranty deeds are used to give the grantee protections against potential fraud and financial burdens that may come with the property —especially if the grantor does not have the authority to sell it!
What is a quit claim deed?
Quit Claim Deed – When the current owner on record can only transfer their interest in a property. It does not guarantee that the current owner actually owns the property as well as providing no other guarantees to any prior owner’s claims. This type of deed comes along with the highest risk to the Grantee (new owner).