Special Warranty Deed Help

There are different types of transactions that you can use for selling a home. Some sales contracts have restrictions such as inspections and surveys that are required. With a special warranty deed, you do not have some of the complications that you could have with different sales contracts. With a special warranty deed, you can sell your home as is.

When you gift a property the person that receives the gift can be subject two different types of gift taxations or income taxation. Using a special warranty deed, you can give a property to someone, for consideration of $10, & it is treated differently under taxation rules.

When you gift your property under a gift deed, the tax basis of the property for the giver can become the tax basis for the recipient. In that case if the person receiving the property sells the home right away, they may be facing steep taxes.

Gift deeds are complicated and tedious to uphold. Compared to special warranty deeds, Gift deeds have nuances that sometimes do not hold up in court. It is more likely for a gift deed to be challenged, than a special warranty deed.

The Donor can, at any time, revoke the gift deed document & is not legally obligated to give the gift. This is important to have two disinterested parties when signing so that someone who does not receive a gift and will not have a stake in the transfer of property. The Gift Deed can subject to challenge in court.

We need signatures from all parties of the transaction, it then gets notarized, and recorded in County court records. If one of the parties is deceased, there are different legal options that you have, for that person not being available to sign their signature.

Yes, we do zoom meetings and do mobile notary. We try to make it convenient for you to stay safe. Contact us to see if we can do a zoom meeting for you, for your transaction.