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What is a warranty deed in NJ?

A form deed that transfers fee title and legal interests in real property from the grantor to the grantee. In New Jersey, a general warranty deed provides that a grantor must forever warrant and defend the property to the grantee against any claims of any person.

Who benefits the most from a warranty deed?

The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.

Which is the most commonly used type of deed?

General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantors ownership and a legal right to sell.

Which type of deed is used by a trustee?

A trustee deedsometimes called a deed of trust or a trust deedis a legal document created when someone purchases real estate in a trust deed state, such as California (check your local laws to see what is required in your state). A trust deed is used in place of a mortgage.

What is a special warranty deed in New Jersey?

A Standard Document deed that transfers fee title and legal interests in New Jersey real property. A special warranty deed requires a grantor to warrant to the grantee and defend the property on the grantees behalf only against claims arising by, through, or under the grantor.

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