There are two types of Warranty Deed forms: General Warranty Deeds and Special Warranty Deeds. The requirements for a legal Warranty Deed document differ from state to state, so it is crucial you use a Warranty Deed form that has been designed for the state in which your property is located. General Warranty Deeds are used by an individual to transfer their interest in a piece of real estate another party. Unlike the Quitclaim Deed, the General Warranty Deed guarantees that the party who initially holds the interest has a rightful claim to the title of the property, and that the transfer of their interest in the title is valid. A Special Warranty Deed is similar to a General Warranty Deed except for the fact that unlike the General Warranty Deed, the Special Warranty Deed does not cover title defects that may arise from property conditions that existed previously to the current holder taking ownership.
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