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Commonly Asked Questions about Warranty Deeds documents

When a general warranty deed is given, the grantor promises that 1) the grantor will defend and protect the grantee against the rightful claims of third parties to the property (warranty of title), and 2) the property is free of encumbrances (covenant against encumbrances).
Management Warranty Deed means the deed of warranty between the Purchaser and the Management Sellers dated on or around the date of this Agreement; Sample 1Sample 2.
A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete chain of ownership; and.
Cons: Fewer protections for buyers, who are now responsible for addressing any previous liens or claims for the property. Lenders and title companies may refuse to help buyers secure financing or title insurance for a property sold under special warranty.
To summarize, a Special Warranty Deed states that there were no claims against the property title during the time when the seller or grantor owned it. On the other hand, a General Warranty Deed states that there were no title defects at any point in time.
Using a Special Warranty Deed in Texas, the seller who currently owns the property guarantees they have not faced any title issues during the time of his or her ownership of the property. Good to know: The warranty in a Warranty Deed is a warranty of title, and not a warranty of property condition.
While the seller in a Warranty Deed must defend the title against all other claims and compensate the buyer for any unsettled debts or damages, the seller in a Special Warranty Deed is only responsible for debts and problems accrued or caused during his ownership of the property.
A general warranty deed guarantees a property has no liens against it and the seller holds full ownership, giving them the legal right to transfer it. Warranty deeds also protect the buyer from title disputes, even ones dating back to previous owners.