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Deeds are used in real estate to transfer property, with three common types being general warranty, special warranty, and quit claim deeds. Deeds are separate from titles, with the deed being the legal document transferring ownership. General warranty deeds offer the most guarantees and protections for buyers, with the seller providing a warranty that they hold clean title to the property. Special warranty deeds have limited warranties, while quit claim deeds offer no warranties. Understanding these different deed types is crucial in real estate transactions.