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What is the main purpose of a warranty deed?

Limitations of Warranty Deeds While warranty deeds offer some key benefits, there are also some limitations, such as: A special warranty deed only guarantees that the title is clear of any claims or encumbrances during the time that the grantor owned the property.

Why would someone do a warranty deed?

A Warranty Deed can protect the seller from legal implications if disputes arise after the transaction. The grantor assures the grantee they are responsible for past discrepancies, thus protecting the buyers interests.

Who benefits the most from a warranty deed?

0:09 1:46 A deed is a legal document that transfers ownership of real property. A will on the other hand is aMoreA deed is a legal document that transfers ownership of real property. A will on the other hand is a legal declaration of a persons wishes regarding their assets.

What are the disadvantages of a quit claim deed?

Deed Mortgage Records can be accessed online through 1991 or with the original Grantee (Reverse/Buyer) and Grantor (Direct/Seller) Index Books housed in the Archives. (For records created since 1992, it is necessary to go through the Circuit Clerks Office.)