Warranty Deed Replace Alternative Choice For Free

A limited or special warranty deed is like a general warranty deed, with one key difference: it doesn't guarantee the whole chain of title. For a standard home purchase, a general warranty offers fuller protections. But a special warranty is the norm in certain situations and places.

Essentially, a warranty of title warrants that you, the seller, have title to a product that you're selling and that there are no liens on the product, which the buyer is unaware of at the time of purchase. Meaning, don't sell stolen or pirated goods.

The best way to protect yourself as a buyer is to buy title insurance when you purchase the property.A special warranty deed provides the buyer with some guarantees about title, but it does not offer complete protection. However, these types of deeds can be acceptable if other protections are put in place.

Non-Warranty Deeds In a Non-Warranty or Quitclaim Deed, the seller merely is giving the buyer whatever rights, if any, that the seller has in the property and the seller makes no warranties of any nature about the seller's rights in the property.

A special warranty deed to real estate offers protection to the buyer through the seller's guarantee that the title has been free and clear of encumbrances during their ownership of the property. It does not guarantee clear title beyond their ownership.

The main difference between a grant deed vs. warranty deed is the level of protection offered. A warranty deed offers a higher level of protection than a grant deed. With a grant deed, the grantor is guaranteeing that they haven't sold the property to anyone else, and that it is clear of any liens or restrictions.

A warranty deed contains a guarantee that the grantor has legal title and rights to the real estate. A quitclaim deed offers little to no protection to the grantee. It offers the least amount of protection out of any other type of deed.