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What is the main purpose of a warranty deed?

Cost of Warranty Deed in Florida The amount of the fee is based on the amount of the mortgage of the property or the sale price. The preparation cost is charged by the attorney preparing the deed. An experienced attorney will charge between $250 and $600 for the preparation of the warranty deed in most cases.

What are the disadvantages 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.

How does a warranty deed work in Florida?

A deed transferring title to real property from a grantor to a grantee. In Florida, a warranty deed (also called a general warranty deed) provides the grantee with broad warranties and covenants of title and is the customary form of deed used in residential real property transactions.

Can you sell a house with a warranty deed?

The warranty deed not only gives the grantor the legal right to sell the home but also confirms that the property has no title issues or concerns.

Does a warranty deed prove ownership in Florida?

A warranty deed does not actually prove ownership of a property. The best way to establish ownership is through a title search, which examines public records to determine if any liens, third-party claims, or other issues could affect ownership.

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