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Real estate deeds are used to transfer property ownership, with the most common type being a general warranty deed, also known as a warranty deed. Warranty deeds are used in residential real estate transactions, providing protections for buyers against liens, claims, and other financial issues. Buyers often need a general warranty deed when working with lenders to secure a mortgage. Other types of deeds, like special warranty or quit claim deeds, offer more limited protections and are typically used in commercial transactions or property transfers within families. Warranty deeds offer essential safeguards for buyers, ensuring a clean title transfer without any adverse financial repercussions or ownership disputes.