We’ll go over the options that are available in Mississippi and provide guidance on choosing the deed form that matches your goals. Questions about what Mississippi deed form is right for you?Ĭlick the link below to use our guided interview. Some states use the alternate name limited warranty deed due to a special warranty deed’s partial warranty. Mississippi special warranty deeds are most commonly used for commercial real estate sales. Each party to a special warranty deed therefore bears some of the risk-depending on when an issue arose. 5 The warranty does not cover title problems that already existed when the current owner acquired the property. The current owner guarantees a good title but limits the guarantee to the time while the current owner held title. 4 Mississippi Special Warranty Deed FormĪ Mississippi special warranty deed transfers real estate with a partial warranty of title. For example, a purchaser can recover the purchase price plus interest if he or she loses possession of property to a third party with a superior title. A warranty deed places the risk of title problems solely on the current owner.Ī purchaser who receives title via warranty deed can sue the former owner for breach of warranty if title problems emerge. 3 The current owner guarantees a good, clear title subject only to exceptions listed in the deed. ![]() Mississippi General Warranty Deed FormĪ Mississippi warranty deed form-sometimes called a general warranty deed-transfers real estate with complete warranty of title. For example, a co-owner might record a quitclaim deed to release his or her interest to a former spouse as part of a divorce. Mississippi lawyers sometimes call quitclaim deeds release deeds because they can be used to release an owner’s rights in a property to another person. Quitclaim deeds are common for transfers involving no consideration-such as when an owner gives real estate to a close family member or retitles a property without affecting actual control. 2 The new owner alone bears the risk of problems with the property’s title. 1 The new owner receives whatever interest the current owner possesses with no promises about the title’s validity, its lien status, or any third-party claims on the property. Mississippi Quitclaim Deed FormĪ Mississippi quitclaim deed form provides no warranty of title. Warranty of title is the owner’s guarantee of the quality and status of a transferred property’s title. Each deed form offers a different degree of warranty of title-also called covenants of title. ![]() What Types of Deeds Are Recognized in Mississippi?Ī Mississippi property owner can choose among three types of deeds for transferring real estate during the owner’s life. Just complete a user-friendly interview and get a customized deed that is attorney-designed to meet Mississippi recording requirements. Need to transfer Mississippi real estate?
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