How Do You Transfer A Warranty Deed To A New Owner?
Different deeds are used to transfer an interest in real estate from one owner to another. A warranty deed is the type of deed commonly used to transfer ownership after a sale of real estate. The laws of all states in the country establish a specific procedure in place to transfer a warranty deed to a new owner. Although there are minor differences in the law from one jurisdiction to another, the basic elements regarding the use of a warranty deed to transfer property essentially is uniform. Engage a title insurance company to undertake a title search on the property to be transferred through a warranty deed. As an alternative, an experienced real estate attorney is also able to undertake this task for you. If you are selling real estate and are using a warranty deed for the transfer, you need to ensure that there are no “clouds” on the title–liens or other encumbrances. Purchase a title insurance to protect your interests in the event that a lien or encumbrance is found on the title