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This article provides information on implied warranties, express warranties, and seller-beware scams. The general warranty deed is the most commonly used deed in Texas. It's important for a seller to be aware of the potential liabilities created when real property is conveyed by general warranty deed.
A Texas general warranty deed is a form that transfers real estate ownership in the clearest possible manner and promises the new owner that there are no title defects such as liens or encumbrances. A deed is usually prepared after a purchase and sale agreement has been signed.
Learn About The Warranty Deed in Texas and How it Transfers Title To Real Estate Between Parties.
TEXAS GENERAL WARRANTY DEED I/We _____ with a street address of _____ in the City of _____ State of _____ (the “Grantor”) being ☐ Married ☐ Unmarried. For consideration paid in the amount of _____ Dollars
A Texas warranty deed form allows Texas property owners to transfer real estate with a full warranty of title. A person who signs a warranty deed (the grantor) guarantees that he or she owns the property and has the right to transfer clear title to the new owner (the grantee).
Texas Warranty Deed. A general warranty deed in Texas contains both express and implied warranties. The Texas statutory form for a conveyance of real property, provided in Sec. 5.022 of the Texas Statutes, will convey a fee simple estate in real property with a covenant of general warranty.
General Warranty Deed. A general warranty deed offers the most protection for the grantee. In a general warranty deed, the grantor guarantees that there are no encumbrances, such as liens or other rightful claims to the property.
The general warranty deed is the most commonly used deed in Texas. It’s important for a seller to be aware of the potential liabilities created when real property is conveyed by general warranty deed. Parties to real estate transactions can reduce their risk by obtaining effective legal counsel and by purchasing title insurance.
Transfer house title with a Texas General Warranty Deed. Complete, ready-to-be-signed legal documents prepared by a lawyer within hours. Call!
Texas General Warranty Deed Form. Last updated March 4th, 2024. Downloads: 5,681. Deeds » Texas » General Warranty. A Texas general warranty deed transfers an interest in property, providing the receiving party (the grantee) an assurance that the grantor holds a clear title.