Secure Line Deed For Free

1. You're Buying the Least Amount of Protection of Any Deed. Also called a non-warranty deed, a quitclaim deed conveys whatever interest the grantor currently has in the property if any.

General Warranty Deed: Here the Grantor conveys to the Grantee all of their right, title and interest in the real estate, without limitation, and assures the Grantee that the Grantor is lawfully the owner of the property, that it is free and clear of all encumbrances, that the Grantor has the unrestricted power to sell ...

What Is the Strongest Type of Deed? For real estate buyers, a general warranty deed provides greater protection than any other type of deed. While it's the best deed for the grantee, it gives the grantor the most liability.

When committing to a general warranty deed, the seller is promising there are no liens against the property, and if there were, the seller would compensate the buyer for those claims. Mainly for this reason, general warranty deeds are the most commonly used type of deed in real estate sales.

A general warranty deed is used in many real estate transactions because it's one of the most secure types of deeds. Ensuring that the grantee has a clear right to the property, a general warranty deed makes certain that the property is absent of any liens, encumbrances and debts.

Warranty deeds are the safer option when buying property versus simply transferring ownership. Most buyers will want this option. If it is discovered that the seller did not have complete ownership of the property, the buyer can sue for breach of warranty.

Special warranty deeds are common for commercial property, estates or foreclosures. These deeds guarantee a title is clear and free from the seller's ownership period and excludes claims resulting from prior owners. These deeds are best for sellers, while general warranty deeds offer more protections for buyers.