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A special warranty deed is a type of real estate deed used to transfer property ownership from one person to another. By using this particular deed, the seller is guaranteeing to the buyer that there are no defects or problems with the property title during the time that they owned the property.
Special warranty deed Example Consider a scenario where John, a property investor, purchases a commercial building from Sarah. Sarah provides John with a Special Warranty Deed. This deed guarantees that no title issues or encumbrances arose during Sarahs ownership.
A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during their ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.
A warranty bill of sale offers protections for the buyer that a simple receipt does not. This kind of bill of sale clearly details what is being sold and gives a guarantee to the buyer about the sellers ownership rights. The bill of sale promises that the buyer holds full and clear title to the item sold.
The main disadvantages include limited protection for buyers, who may inherit claims or issues from before the sellers ownership. Buyers must investigate the propertys history, which could lead to unexpected costs or unresolved liens.
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People also ask

New York requires that you complete a bill of sale whenever you buy or sell a car privately. You may use the Vehicle Bill of Sale created by the Department of Motor Vehicles or draft your own. In either case, the bill of sale should include: Purchase date and price.
A warranty disclaimer is a statement or clause in a contract that excludes or limits the sellers responsibility for certain warranties. This typically means that the seller is not guaranteeing that the product or service will meet specific standards or perform in a particular way.

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