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A deed is a legal document that serves as evidence of property ownership transfer in real estate, typically including the transferor's signature, transaction date, parties' names, and property description. There are various types of deeds, but the focus here is on the general warranty deed and the special warranty deed. A warranty deed guarantees that the grantor possesses legal title to the property, assuring the grantee that the seller (grantor) has the right to sell the property. While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged.