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Commonly Asked Questions about Warranty Deeds US

A warranty deed is a real estate document that warrantsor promisesthat the grantor (seller) owns the property free and clear and there arent any outstanding mortgages, liens, judgments or other encumbrances against it.
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.
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.
A warranty deed is a legal document guaranteeing that a propertys seller has the legal right to sell the property and that there are no outstanding debts or legal claims against it.
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.