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Cons: Fewer protections for buyers, who are now responsible for addressing any previous liens or claims for the property. Lenders and title companies may refuse to help buyers secure financing or title insurance for a property sold under special warranty.
What Is a Nebraska Special Warranty Deed Form? A Nebraska special warranty deed is a type of deed that transfers real estate from the current owner (the grantor) to the new owner (the grantee) with limited warranty of title.
A Nebraska special warranty deed is a type of deed that transfers real estate from the current owner (the grantor) to the new owner (the grantee) with limited warranty of title.
A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during his ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.
A grant deed, also known in many states as a limited warranty deed or a special warranty deed, gives the grantee some, but not all, of the assurances of a general warranty deed.