VIEWS: 33 PAGES: 6 CATEGORY: Real Estate POSTED ON: 12/8/2011
This Warranty Deed is used when a seller of real property located in Maine conveys ownership of the property to a buyer and warrants title to that property, but the deed is secured by a debt. This warranty deed effectively transfers the property to the buyer, but specifies that certain liens exist on the property. It provides details of the existing liens including the amount of the lien and recording information. In this warranty deed the seller promises to defend the buyer from all adverse claims relating to the property, but states that the liens are retained against the property until they are paid off. This document should be used in a real estate transaction where the seller warrants the property subject to existing liens.
"Maine Warranty Deed Subject to Debt"