Warranty Deed

Warranty deed

A warranty deed is a type of deed which is mostly used in the time or selling or buying a real estate property. The warranty deed guarantees that the title of the property is clear and free from all kind of liens. That is why it is considered the most secured deed and as a result, most people like to use warranty deed at the time of buying a property.

When the grantor or the seller uses a warranty deed, it means that grantor has the absolute rights on the property and he can sell his property to any one he wishes. It does not guarantee only the time period that the grantor owns the property but actually it extends to the origin of the property. So you can even go for title search to find out if there is any defects and if there is any, then you can resolve it.

Like any other deeds, Warranty deeds also need to be notarized and recorded in the County Recorder’s office in your state. There are mainly tow types of Warranty deeds – 1. Special warranty deed and 2. General Warranty deed. We are going to discuss on General Warranty deed and Special warranty deed on a later stage.