A Michigan general warranty deed serves as a means to transfer real estate ownership from one party to another. The deed provides an assurance, or “warranty,” that the seller (grantor) possesses the legal authority to sell the property and that the title to the property is clear of any defects. Essentially, the grantor guarantees that there are no hidden interests or claims on the property, and if any such interests exist, they are accountable to the buyer.
Here is a step by step comprehensive guide to help you fill out the Michigan Warranty deed form.
This is where you write your name and indicate your marital status if you’re the one selling the property. The undersigned” is crucial because it legally identifies the grantor, the person transferring the property, and establishes who holds the transaction’s responsibility and rights.
Identifying as an unmarried or married individual is important because it can directly influence property rights and potential claims, especially given that some jurisdictions automatically give certain rights to spouses.
“Victor Gonzalez” and he identifies himself as a “single” individual.
You should write the grantor’s current address here. It helps verify the person’s identity and establishes a link to the transferred property.
Stating the grantor’s address is vital as it provides a way to locate or contact the individual for any future legal requirements or disputes related to the property transfer.
“789 Pine Avenue, Grand Rapids, Michigan, 49503”.
This is where the name and the marital status of the “Grantee,” the person buying or receiving the property, goes. In other words, this is the spot for the name of the person you’re selling or giving the property to.
Identifying the “Grantee” is critical because it legally determines who will receive the property rights and interests, ensuring the correct ownership transition.
“Emily Huang”, and her marital status is listed as “married”.
This is where the Grantee’s current address is written. This confirms the person’s identity and connects them to the transferred property.
Here, Emily Huang’s address is written as “321 Oak Street, Flint, Michigan, 48502”.
This is asking for the county where the property is located. This information is important for local record-keeping and zoning purposes.
Specifying the “County of” the property is important because it dictates which local laws apply and ensures accurate public records, impacting everything from taxes to land use regulations.
In this section, the county of the property is listed as “Kent”.
Here, you provide a detailed legal description of the property being transferred. This is more than a street address; it’s a thorough description typically from a deed, survey, or other official record. Providing a detailed, legal description “to wit” is crucial because it precisely identifies the property being transferred, ensuring the correct parcel is recorded and avoiding potential disputes or errors.
“The North 1/2 of the Northwest 1/4 of the Southwest 1/4 of Section 26, Town 1 North, Range 12 West in the City of Grand Rapids, Kent County, Michigan”.
Here you either write down the purchase price or indicate if the transfer is exempt under Michigan law (such as transfers between certain family members).
Stating the “sum” or marking it as “exempt” under specific laws is essential as it establishes the property’s financial value for tax purposes and records whether any special legal exemptions apply.
‘’Here, the purchase price of the property is written as “$250,000”. In case the transfer was exempt under Michigan law, it would be stated as such, for example: “This transfer is exempt under MCL 207.526 Sec. 6”.
The grantor’s signature is required here.
Victor Gonzalez, signs the document, affirming his agreement to the property transfer under the stated terms
Finally, the notary public certifies the seller’s conscious consent to sign the deed, marking it with their signature, date, and stamp. Every field in this document is vital and needs careful completion for a successful property transfer.
In this final step, the person who prepared the deed is supposed to fill in their name, and the address where the recorded deed should be sent is also written.
If Victor Gonzalez prepared the deed, then “Drafted By: Victor Gonzalez”.
After “Return to:”, you should write the address where the recorded deed should be sent.
In this case, it should be sent back to the Grantee for their records, so “Return to: 321 Oak Street, Flint, Michigan, 48502” is filled in.
In summary, following the key steps outlined ensures the Michigan general warranty deed is completed accurately under state law to legally transfer property ownership between parties.
The deed provides title protections to the buyer through the seller’s guarantees. Nevertheless, supplementary title research is advisable to provide buyers with complete peace of mind.