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What does guarantee mean in legal terms?

guarantee. 1) v. to pledge or agree to be responsible for anothers debt or contractual performance if that other person does not pay or perform.

Why would you use a special warranty deed in Texas?

The Texas special warranty deed form provides a limited warranty of title. With a special warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.

Which of the following describes a special warranty deed?

A special warranty deed is a deed to real estate where the seller of the propertyknown as the grantorwarrants only against anything that occurred during their physical ownership. In other words, the grantor doesnt guarantee against any defects in clear title that existed before they took possession of the property.

What is a NC non warranty deed?

Non-Warranty Deeds In a Non-Warranty or Quitclaim Deed, the seller merely is giving the buyer whatever rights, if any, that the seller has in the property and the seller makes no warranties of any nature about the sellers rights in the property.

Which deed provides no warranties to the transfer?

Quitclaim deeds differ from warranty documents, majorly because they dont offer any guarantees. Trust deeds involve the borrower, lender, and the trustee, unlike warranty documents.

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