What is a warranty deed in michigan?

In Michigan, a warranty deed is a legal document that transfers property ownership from one party to another with a guarantee that the title is free from any liens, debts, or other claims against it. The person who transfers the property is the grantor, while the one who receives it is the grantee.

A Michigan warranty deed typically includes the following information:

• The names and addresses of the grantor(s) and grantee(s)
• A description of the property being transferred
• The amount of consideration (money or other valuable consideration) exchanged for the property
• A statement that the grantor has full authority to convey the property
• A warranty or guarantee that the title to the property is free from any liens, debts, or other claims
• The signatures of the grantor(s) and a notary public

Once the warranty deed is signed, it must be recorded with the register of deeds in the county where the property is located. This helps to establish a clear and unambiguous chain of title and ensures that the property is legally transferred to the grantee.

It's important to note that a warranty deed is different from a quitclaim deed, which only transfers whatever interest the grantor has in the property, without any warranty or guarantee of title. Generally, a warranty deed provides greater protection to the grantee and is therefore preferred in most real estate transactions.