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A deed is a legal document that transfers property ownership rights in real estate, containing the signature of the person transferring the property, the date of the transaction, the names of the parties involved, and a description of the property being transferred. There are different types of deeds, but two main types are general warranty deed and special warranty deed. A warranty deed guarantees the grantor has legal title to the property and promises the buyer that the property can be sold. Recording is not required for a warranty deed, but if done, the document must be acknowledged.
