A warranty deed guarantees that a seller owns the property free and clear of liens. A warranty deed provides title warranty to the purchaser, guaranteeing protection against future claims or disputes regarding the property.A Limited Warranty Deed, also known as a Special Warranty Deed, offers a more limited set of warranties compared to a General Warranty Deed. A general warranty deed is a deed used to legally transfer real property from one person to another. This type of deed offers the most protection for the buyer. Unlike a Grant Deed, a Warranty Deed offers more extensive guarantees to the buyer. Special Warranty Deed. A warranty deed is a legal document involved in the exchange of real estate, more specifically when a seller officially grants the buyer their property. The limited warranty deed is most commonly used when a bank forecloses on a property due to an unpaid mortgage and then sells the property at auction. Fill in the blank form formatted to comply with all recording and content requirements.