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Anne Slayton from Excel Title Group explains the importance of the Warranty Deed (WD) in a real estate transaction. The WD is a document that transfers title from the seller to the buyer, signifying ownership transfer. It is a legally binding document that ensures the buyer receives clear title to the property. The WD specifically conveys the property to the buyer, with the seller being the grantor and the buyer being the grantee. This is particularly important when a buyer secures a loan to pay the full purchase price.