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Deeds facilitate property ownership transfers, with the general warranty deed (or warranty deed) being the most common type. This video highlights important aspects of warranty deeds and their usage in residential real estate transactions, especially when buyers obtain mortgages. Limited protection deeds, like special warranty or quit claim deeds, are typically used in commercial deals or family property transfers. Lenders generally require a general warranty deed, which offers robust protections for buyers. This type of deed ensures that the title is transferred without concerns over liens, claims, or other financial encumbrances that could affect new owners' rights and financial security.