A Nebraska general warranty deed is a legally binding instrument for transferring property ownership in Nebraska from a seller to a buyer.
Referred to as a “warranty” deed, it carries a guarantee from the grantor that they possess the legal authority to sell the property and that the property is free from any undisclosed interests or encumbrances.
However, it is still recommended for the buyer to undertake a comprehensive title search as a precautionary measure.
Here is a step by step guide to assist you in filling out the Nebraska general warranty deed form.
Provide the appropriate address where you would like the document to be returned. This ensures that the completed and executed document reaches the intended recipient.
Example: If the completed document needs to be returned to your attorney’s office, you would enter “123 Main St., Lincoln, NE 68508”.
Insert the name(s) of the grantor(s). This refers to the person or entity currently owning the real estate and transferring it to the GRANTEE(S).
By specifying the name or names of the grantor (s), you establish the identity of the person or entity currently owning the real estate. This is crucial for accurately documenting the transfer of ownership.
Example: If you, as the owner of the property, are selling it, you would enter your name here: “John Doe”.
Insert here the Consideration Details. This refers to the amount or value of something that is being exchanged as part of the transfer. It could be a monetary payment, services rendered or any other type of consideration.
Stating the consideration details promotes financial transparency in the transaction. It provides a record of the monetary or non-monetary value associated with the real estate transfer, allowing for accurate financial reporting and accountability.
Example: If the property was sold for $200,000, you would write: “The full consideration for this transfer is $200,000”.
Insert here the name(s) of the grantee(s). The “GRANTEE(S)” refers to the person or entity that will receive ownership of the transferred real estate. Including the name or names of the Grantee(s) is necessary for legally documenting the transfer of ownership. It helps establish a valid and enforceable contract that reflects the parties’ intent.
Example: If the buyer’s name is Jane Smith, you would write “Jane Smith”.
Include the complete legal description of the property as defined by the applicable state statutes. By including a detailed description of the real estate, you ensure that there is no confusion or ambiguity about the specific property being transferred. This helps to identify the boundaries and characteristics of the property.
Example: If the property is in Lancaster County, and it’s a house located at 456 Elm St., you would write: “This property is located in Lancaster County. The real estate referred to is situated in the city of Lincoln, commonly known as 456 Elm St., Lincoln, NE 68508”.
The grantor (s) must ensure that they have legal ownership of the real estate and that there are no undisclosed claims or liens against it, except for any mentioned exceptions. For example, if there is an existing mortgage on the property, it should be disclosed in this field. If there are no encumbrances, you can write “none” or “no encumbrances.”
Example: “The real estate includes a single-family dwelling with 4 bedrooms and 3 bathrooms, along with the attached garage. No known encumbrances except for a mortgage held by Bank X.”
This is the section where you fill in the date when the document is being executed. Write the day, month, and year of execution.
Example: If you’re filling out the document on July 17, 2023, you would write “17th day of July, 2023”.
Once again, provide the name or names of the grantor (s) who are signing the document. This should match the information provided earlier in the “GRANTOR(S)” section.
Example: “John Doe”.
Specify the county in Nebraska where the document is being executed.
Example: If you are signing the document in Lancaster County, you would write “Lancaster”.
The Notary Public should sign their name in this field to authenticate the document.
As you wrap up this guide, you have the knowledge to confidently handle the Nebraska general warranty deed form, making your property transfer in the state straightforward and secure. Keep it simple, and you’re on your way to a successful transfer. Happy transferring!