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To deed? Indeed!
Tuesday, March 17, 2009

Know the difference in Deeds
Warranty Deed, Special Warranty Deed, Quit Claim Deed.

When a Warranty Deed is used, the Seller is warranting or guaranteeing title from the time the
property was first conveyed to anyone in the chain of title and is most commonly used.

A Special Warranty Deed is typically given by builders or REO Sellers because the deed only warrants the
time the Seller has actually had title to the property. The Seller is telling the Buyer that he has done nothing
to endanger the title to the property during Seller’s ownership.

A Quit Claim Deed is just that. It quits any claim the guarantor may
have in the property.

Posted by Brian on 02:53 PM • (0) Comments • (0) Trackbacks • Permalink • Email This Post
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