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What Is a Warranty Deed In Michigan?
A Michigan warranty deed form is a legal document that is used to transfer real estate ownership from one party to another in Michigan. The warranty deed guarantees that the seller or grantor has legal ownership of the property and has the right to transfer the ownership to the buyer or grantee. The warranty deed Michigan form also provides a warranty of title, which means that the grantor is responsible for defending the title against any claims that may arise.
How to Create Michigan Warranty Deed Form
To write a warranty deed form Michigan, please follow these points:
- Identify the Grantor and Grantee: The first step in writing a warranty deed is to identify the grantor (the current owner of the property) and the grantee (the person receiving the property).
- Describe the Property: Next, you need to describe the property being transferred. This includes the legal description of the property, which can be found on the property deed or at the county recorder's office. You can also take a look at the Michigan warranty deed examples to compare the terms used in the document.
- Include the Consideration: You need to include the consideration or purchase price of the property being transferred. This is the amount of money being exchanged for the property.
- Add a Warranty of Title: The warranty of the title is an important part of the warranty deed. It guarantees that the grantor has legal ownership of the property and has the right to transfer the ownership to the grantee. It also provides a warranty of title, which means that the grantor is responsible for defending the title against any claims that may arise.
- Sign and Notarize the Deed: The final step is to sign and notarize the warranty deed. Both the grantor and grantee need to sign the document in the presence of a notary public. The notary will then notarize the document to make it legally binding.
How to Get a Warranty Deed In Michigan
To get a warranty deed in Michigan, follow these steps:
- Obtain a Michigan Warranty Deed Form: The first step is to obtain a state of Michigan warranty deed form. You can find and fill out the warranty deed Michigan pdf form for free on the PDFliner website.
- Fill Out the Warranty Deed Form: Next, you need to fill out the Michigan special warranty deed form. Be sure to include all of the required information, such as the grantor and grantee's names, property description, and consideration.
- Sign and Notarize the Deed: Both the grantor and grantee need to sign the deed in the presence of a notary public. The notary will then notarize the document to make it legally binding.
- File the Deed with the County Recorder's Office: Finally, you need to file the warranty deed with the county recorder's office. This will transfer ownership of the property from the grantor to the grantee.
Common Uses Of Michigan Warranty Deed Form
The special warranty deed Michigan is commonly used in a variety of real estate transactions, such as:
- Selling a home
- Gifting property to a family member or friend
- Transferring property to a trust or LLC
- Adding or removing a spouse from the property title
- Transferring ownership to a new owner after the death of the previous owner
Also, keep in mind that it is advisable to work with a real estate attorney or title company when making real estate transactions. They can provide guidance and ensure that all legal requirements are met.
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Fillable online Michigan Warranty Deed Form