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Commonly Asked Questions about Individual to Individual Warranty Deeds

This deed offers a level of protection to the buyer (aka grantee) in that the seller (grantor) warrants that there are no problems with the property that arose during the sellers time of ownership. Special Warranty Deed: What Is It And Do You Need One? - Quicken Loans quickenloans.com learn special-warranty quickenloans.com learn special-warranty
A general warranty deed is a legal agreement that protects a property buyer from any debts held against the property theyre purchasing. If such a debt emerges after the sale, the seller, not the buyer, is financially responsible for that debt.
A traditional deed simply transfers the ownership of a property from one party to another (in other words, the seller to the buyer.) Whoever legally holds the deed is the rightful owner of the property. A warranty deed, on the other hand, contains special assurances that the seller makes to the buyer.
A warranty deed or quit claim deed TRANSFERS TITLE or OWNERSHIP of real property. When you purchase property, you usually receive a warranty deed from the seller to you to show that you now own the property.
Warranty deeds protect the buyer by guaranteeing a clear title and give the current owner the legal right to sell the house. For sellers, warranty deeds can delay the home selling process and come at an extra cost.