In the past, when a consumer or small business owner needed specific legal documents, they would contact a trusted lawyer. These days, with the advent of the internet, it's now possible to purchase and download these same legal documents at reasonable prices, and they can come with completed samples so the process is easy and manageable.
A warranty deed is one of the most common legal form transactions. It is a signed and delivered document that conveys specific property rights and/or ownership. There are several different types of deeds that are used for different purposes.
Warranty Deed
A warranty deed is an instrument that is used for the transfer of real property from one person to another. The grantor of a warranty deed ensures that the title is good and clear of any and all claims. This type of deed allows for the greatest protection to the purchaser because it also serves as a guarantee of title, meaning that the seller can be held liable if the buyer finds that the title is faulty.
Special Warranty Deed
In contrast to the Warranty Deed, a Special Warranty Deed is one by which the seller guarantees that the title is safe against defects only during the time when he/she had ownership of the property.
Property Deed
Sometimes people refer to a Property Deed. This can be any of the other deeds named.
Quit Claim Deed
A Quit Claim Deed is an instrument that is used when the ownership of a piece of property is transferred, but there are no warranties of title. The Quit Claim can transfer title just like a Warranty Deed but it does not carry with it the same warranties as a warranty deed.
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