Jacksonville Warranty Deeds
Most people have heard the term ‘deed’ and are familiar with the function they perform. Deeds are typically used to transfer property from one person to another, but many people are unaware of the many different types of deeds available. A Jacksonville warranty deed is one such type of deed available for property owners, and they provide important protections.
Warranty deeds provide many protections for purchasers of property, as it reassures them that the title is valid and that they will not face issues with it in the future. If you need to ask for or obtain a warranty deed, you should consult a Jacksonville warranty deed lawyer who can explain why they are so important.
Understanding Jacksonville Warranty Deeds
Along with quit claim deeds, warranty deeds are one of the most commonly used ways to transfer property in Jacksonville, and throughout the rest of the country. Any time individuals want to purchase property, it is essential that they obtain a Jacksonville warranty deed before entering into an agreement. It is only with a warranty deed that grantors, or the current owners of a property, can provide buyers with the protection of a title guarantee.
Warranty deeds are essentially a promise, or a guarantee, to the buyer of the property that the grantor is the rightful owner of the property and that they have a legal right to sell it. Warranty deeds also guarantee that the title to the property does not have any defects and that the property does not have any third party claims against it, such as a mechanic’s lien.
A warranty deed also provides purchasers of property with a legal remedy if there is an issue with the title in the future. If a claim is made against the property, the grantor is then liable for paying damages for any losses sustained as a result of the defect.
Special Warranty Deeds vs. General Warranty Deeds
Typically, there are two types of warranty deeds available. Of these two, a general warranty deed provides the most protection. A general warranty deed provides the most protection, as these warranties ensure that if any title issues arose during the time the grantor owned the property, they have been resolved. A special warranty deed, on the other hand, only guarantees that there were not any title issues with the property during the time of the grantor’s ownership.
Regardless of the type of warranty deed, it is important to know that these are most appropriate when the two parties invoked do not know each other. If property is being transferred to a relative or a trust, a quit claim deed is likely more appropriate.
Get Your Warranty Deed in Jacksonville with Us Today
If you are buying or selling property and need to obtain a Jacksonville warranty deed, our attorneys at My Florida Deed can provide the necessary form and advise on what type of warranty deed is most appropriate for you. Call us today at 407-205-2906 or contact us online to obtain the right form, and to learn more about how we can help.