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A deed is a legal document that transfers property ownership rights, containing the signature of the person transferring the real estate, date of transaction, names of parties involved, and property description. Two main types are general warranty deed and special warranty deed. A warranty deed gives the buyer a guarantee that the seller actually has legal title to the property. Recording is not required, but if done, the document must be acknowledged. Warranty deeds provide protection to the buyer regarding the title of the property.
