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Deeds are used to transfer property, with three main types being general warranty, special warranty, and quit claim deeds. A deed is a legal document that transfers ownership, which is different from the concept of title. General warranty deeds offer the most protection for buyers, with the seller promising clean title and authority to sell. Special warranty deeds have limited guarantees, while quit claim deeds provide no guarantees. Understanding the differences between these deed types is crucial in real estate transactions.