Similarities between a General Warranty Deed and a Special Warranty Deedīoth General Warranty Deeds and Special Warranty Deeds offer the same guarantees to the buyer and are similar in that: By using a General Warranty Deed, the buyer can seek recourse against the seller after the transaction is completed. A buyer does not want to discover that the property has liens or encumbrances after the transaction is complete. Browse our inventory of state identified Special Warranty Deeds.Ī Warranty Deed provides a way for a seller to transfer ownership or title of real estate to the buyer and warrant, or guarantee, that the seller legally owns the property.A Special Warranty Deed should be used when selling a piece of property if you know that no one will make a claim through your title, but you may be unsure if there are prior claims against the property. If you are selling a piece of property, a Special Warranty Deed offers more protection to the seller. Special Warranty Deeds are a guarantee from the seller stating that nothing has happened to cause problems with the title while the seller has owned the property.
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Click here for our free General Warranty Deed forms that you can customize online.Ī Special Warranty Deed provides that the seller has not done anything to cause problems with the title to the property during the period of his or her ownership.If you are the buyer, you will want a General Warranty Deed because it offers the buyer the most protection. More specifically, a Warranty Deed offers protection to the buyer because the seller affirms that he or she legally owns the piece of property and that there are no encumbrances against the property.Ī Warranty Deed form is also a guarantee of title and offers the buyer protection in the form of holding the seller liable for any damages if the title is not free and clear of any claims.Ī General Warranty Deed is a deed promising that the grantor, or seller, has a good title free and clear of all liens and encumbrances and will defend the grantee, or buyer, against all claims that may arise. Whether you buy a piece of property, inherit property or add a person’s name to the title of the property, you will always need a deed. What is a Warranty Deed form, you ask? Well, first of all, a deed is a type of legal document that transfers real property from a person, place or thing to another.