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My Florida Deed > Jacksonville Warranty Deeds

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.

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WARRANTY DEED

A Warranty Deed conveys property from the old owner (Grantor) to the new owner (Grantee) together with a guarantee that the Grantor has legal right, title, and interest in the property being conveyed and is authorized to do so. The warranty being given by the Grantor assures the Grantee that no one else has a valid ownership claim in the property. Essentially, it is the Grantor promising the Grantee that the Grantor is the only rightful owner of the property, and as such, the Grantor has the full authority to convey the property. This type of deed further provides a promise from the Grantor to the Grantee that the Grantor will defend against anyone who might come forward at any time in the future and try to make a claim that they had an interest in the property at the time of the conveyance to the Grantee.

This type of deed is generally used when consideration is being paid for the sale of the property between two unrelated parties.

Flat Fee: $175.00

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*Does not include Documentary Stamps, if required by the State of Florida

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Quit claim Deed

A Quit Claim Deed conveys any interest that the old owner (Grantor) may have in the property to the new owner (Grantee). Although this type of deed does successfully convey any interest the Grantor may have, it does not provide a warranty, or guarantee, to the Grantee that the Grantor had the legal right, title, and interest in the property to convey it. That is not necessarily to say that the Grantor does not have the legal right, title, and interest in the property being conveyed. It just relieves the Grantor from binding himself to a promise made to the Grantee regarding the property interest being conveyed.

This type of deed is generally used for the conveyance of property between related parties or when no consideration is being paid, such as for a gift or estate planning purposes. This type of deed is also commonly used for property transfers made in connection with a divorce.

Flat Fee: $175.00

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LADY BIRD Deed

A Lady Bird Deed is a unique form of deed created by statute in the State of Florida, and a powerful tool to avoid probate. With the Florida lady bird deed, you give yourself a life estate interest in your property and appoint remaindermen to become owners immediately upon your death. A life estate is a right to live in the property until your death. Remaindermen are like beneficiaries of your estate, who have a future ownership interest. What makes Florida lady bird deeds so valuable is that you retain full interest in the real property. As the life tenant you reserve for yourself the right to sell, encumber, and otherwise do as you please with the real estate during your lifetime, and without and knowledge or consent of the remaindermen. You may also change the remaindermen at any point in time or even revert the whole interest back to yourself.

Flat Fee: $175.00

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CORRECTIVE Deed

A Corrective Deed can be executed and recorded to fix any errors in the original deed, including those that are otherwise fatal to the validity of the prior deed, such as an improper legal description. If the original deed contains significant errors, a new deed must be executed. A corrective deed is required when a grantor transfers property he or she once owned but does not any longer, errors that exceed simple typos in significance exist in the deed, or the deed lacks sufficient witness(es) or a notary acknowledgment. Invalid deeds can be rendered valid again if a Corrective Deed is made a matter of public record. Doing so clarifies the intent of the original deed.

Flat Fee: $175.00

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