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Quit Claim Form Pdf Michigan Marion County Indiana Wayne Blank Missouri Deed Lake

Quit Claim Form Pdf Michigan Marion County Indiana Wayne Blank Missouri

If a family member wants to transfer property to another member of the family, a gift deed might be needed. This assures the grantee that the property is his or hers even if no money has exchanged hands.

Another type of deed is the general warranty deed, which is similar to a grant deed. There is one major difference and that is, warranty deeds have a third guarantee. The third guarantee is that the title is free of any defects, even if a previous owner caused the defect. Depending on state law, a phrase such as "conveys and warrants" is included. These are considered operative words of conveyance.

There are special circumstances when other real estate deeds are necessary. For instance, if the real estate transaction involves property with unpaid taxes, a tax deed is usually required to clarify and indemnify the conveyance of the title to the buyer.

A fiduciary deed is executed by a fiduciary. This happens when a trustee is appointed to deal with the property. An example would be when the property belongs to a minor and a guardian is appointed to handle legal matters until the property owner is of age.

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