Jeff Rattikin One of the most puzzling issues confronting Texas consumers when attempting to document a real estate transfer is deciding which type of transfer deed is appropriate to use. For generations, well-meaning advisors have unknowlingly led their questioners astray by repeating a well-circulated but extremely inaccurate mantra. In order to transfer title to real estate, the seller should texas warranty deed requirements the buyer a quitclaim deed, often mispronounced a quickclaim or quick claim deed. And the bad advice is not limited to just the non-attorney public. Many, many divorce lawyers and probate lawyers routinely subject their clients to texas warranty deed requirements title issues by including quitclaim deeds in their work product.
blank special warranty deed texasPerhaps the most important document involved in the entire transfer is the deed. Deeds complete the transfer of ownership between the seller and the buyer. Depending on the terms of the sale, different types of deeds can be used to convey ownership. Texas recognizes warranty deeds to complete transfers between individuals. Tips In the state of Texas, a warranty deeds are used to transfer property from one party to another.
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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 Texas, warranty deeds are often used. When a buyer is purchasing residential property from a seller for full value; When the buyer does not intend to purchase title insurance; or In other circumstances where the current owner is comfortable with the legal risk associated with an unlimited warranty of title.
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