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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.
Can you sell a property with a warranty deed?
Warranty Deeds are used in most home sales between unrelated parties because they offer the most protection for buyers without established trust. If any title issues arise after a sale, a Warranty Deed ensures that the seller remains responsible. There are two types of Warranty Deeds: special and general.
Who benefits the most from 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.
What is a warranty deed in New Hampshire?
A warranty deed conveys title to property with a warranty that the seller has the right to sell the property and that the title to the property is free from all encumbrances or other interests, except as may be stated in the deed.
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.
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