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Covenant Deed – A deed that guarantees that there are no outside claims to the property that occurred during the grantor’s period of ownership. Known in most other states as a “special warranty” deed.
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Deed of Trust – An agreement between a borrower, lender, and trustee whereby the trustee will take possession of the borrower’s property until the lender has been repaid.
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General Warranty Deed – A document that transfers real estate ownership with the full guarantee that the property is free of all encumbrances.
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Lady Bird Deed – A type of quit claim deed that transfers the grantor’s property to an heir upon their death.
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Quit Claim Deed – A legal instrument for the conveyance of property without any warranty provided by the grantor.
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Deeds in Michigan
- Covenant Deed – A special warranty deed that warrants against encumbrances from the grantor’s ownership period.
- General Warranty Deed – Gives a warranty that the title is completely free of defects.
- Quit Claim Deed – Quickly transfers ownership without warranty.
- Lady Bird Deed – Transfers property to a beneficiary upon the grantor’s death.
- Trust Deed – A security instrument used to secure a home loan.
Formatting
Paper – White, at least 20 lbs, no smaller than 8.5″ x 11″ and no bigger than 8.5” x 14”
Margins – 2.5″ top margin of first page, 0.5″ every other margin
Font – Black, at least 10pts[1]
Recording
Signing Requirements – Every deed must be signed by the grantor and notarized.[2]
Where to Record – Once signed, all deeds should be recorded with the Register of Deeds in the property’s county.[3]
Cost – $30 (as of this writing) [4]
Additional Forms
Addendum to Deed for Unplatted Land – This form can be attached to the deed to include the language needed in the transfer of unplatted land .[5]