Showing posts with label Deeds. Show all posts
Showing posts with label Deeds. Show all posts

Tuesday, June 10, 2014

Carlisle Mitchell - Houston - Special Warranty Deed

Carlisle Mitchell - Houston - Special Warranty Deed - A special warranty deed is a deed in which the seller warrants or guarantees the title only against defects arising during the period of his or her tenure or ownership of the property. The grantor makes no warranty against defects existing before the time of his or her ownership.

A special warranty deed is less protective to the buyer than a general warranty deed. The grantor of a special warranty deed conveys the property with two warranties: that he or she received the title to the property; and, that the property was not encumbered during his or her ownership. The grantor of a special warranty deed warrants the title only against his or her own omissions and/or defects, and warrants nothing pertaining to the title prior to his or her possession.


Sunday, May 4, 2014

Multi Family Homes

A Multi-Family property is a type of home or building with multiple units owned by one or more parties. 

Condo buildings and duplexes can be considered multi-family residences; but with a duplex, both the property and the land are recorded on one deed. Whereas with a condo, the owners only own their individual units, not the common space or land, and each have their own deed.