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Deeds transfer property ownership, with the general warranty deed being the most common type used in real estate transactions. This video covers essential information about warranty deeds, which are typically used in residential real estate deals where a mortgage is involved. Other types, such as special warranty or quitclaim deeds, are reserved for commercial transactions or family transfers. Lenders usually require a general warranty deed. These deeds provide significant protections for buyers, ensuring the title transfer is free from liens, claims, or encumbrances that could financially harm the new owners or jeopardize their ownership rights.