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General warranty deeds, also known as warranty deeds, are commonly used in residential real estate transactions when a buyer obtains a mortgage. They offer the most protection compared to other types of deeds, such as special warranty or quit claim deeds, which are usually used in commercial transactions or property transfers between family members. General warranty deeds protect the buyer from any liens, claims, incumbencies, or other issues that could impact their financial well-being or ownership status. Lenders typically require a general warranty deed for added security.
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