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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.

Common Uses of Texas Special Warranty Deed Forms Special warranty deeds can be used in any situation where the person signing the deed is willing to provide a warranty of title that covers his or her own actions, but cannot or will not make any guarantees about previous owners.

As one of the most secure types of deeds, general warranty deeds are used in most real estate title transfers. General warranty deeds provide guarantees that the grantor has the right to sell the property and that the grantee will be receiving a title that is free of debt, claims, or other legal encumbrances.

A Warranty Deed With Vendor's Lien contains the Seller's guarantees of a warranty deed but with a lien. This deed is part of a seller finance package of documents. It is a transfer of real estate property where a lien for the unpaid purchase price in favor of the Seller is retained.

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.

A general warranty deed is a deed used to legally transfer real property from one person to another. This type of deed offers the most protection for the buyer.

Updated . A North Carolina general warranty deed is used to legally transfer property in North Carolina from one person to another. A warranty deed comes with a guarantee from the seller that the property has clear title.

The answer is a general warranty deed provides the most protection for the buyer; a quitclaim deed provides the least protection for the buyer. A general warranty deed provides the greatest protection of any deed.

A general warranty deed contains six covenants or warranties: (1) covenant of seisin, (2) covenant of right to con- vey, (3) covenant against encumbrances, (4) covenant of further assurance, (5) covenant of quiet enjoyment, and (6) covenant of warranty.

A warranty deed isn't proof that you now own the property. Rather, it means the previous owner can guarantee that no one else holds ownership or is owed money for the property. You don't actually own the property until the title is transferred to you.