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Warranty deeds, specifically general warranty deeds, are commonly used in residential real estate transactions. They provide strong protections for buyers by ensuring that the title is transferred without risks of liens, claims, or other issues that could impact their finances or ownership status. Lenders typically require general warranty deeds for added security. Other types of deeds, such as special warranty or quit claim deeds, are typically used for commercial transactions or family transfers. These deeds offer more limited protections compared to general warranty deeds.
