Annotate Title Warranty For Free

Both a warranty deed and deed of trust are used to transfer the title of a property from one person to another. However, the difference between these two contracts is who is protected. As you now know, a deed of trust protects the beneficiary (lender). A warranty deed, on the other hand, protects the property owner.

Essentially, a warranty of title warrants that you, the seller, have title to a product that you're selling and that there are no liens on the product, which the buyer is unaware of at the time of purchase. Meaning, don't sell stolen or pirated goods.

Nov 16, 2020 A general warranty deed protects the buyer/grantee by assuring them that the seller/grantor has full title and is the sole property owner with rights (1)2026 Title insurance offers some financial protection, while a warranty deed is about legal protection.

The three most common types of deeds are: General Warranty Deeds; Limited Warranty Deeds; and, Non-Warranty Deeds.

A special warranty deed is a deed to real estate where the seller of the propertyknown as the grantorwarrants only against anything that occurred during their physical ownership. In other words, the grantor doesn't guarantee against any defects in clear title that existed before they took possession of the property.

A limited or special warranty deed is like a general warranty deed, with one key difference: it doesn't guarantee the whole chain of title. For a standard home purchase, a general warranty offers fuller protections. But a special warranty is the norm in certain situations and places.

A warranty of title is a guarantee by a seller to a buyer that the seller has the right to transfer ownership and no one else has rights to the property. In addition, a warranty of title may be used to guarantee that no other party has copyright, patent or trademark rights in the property being transferred.