Warranty Deed

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Warranty Deed

An instrument that transfers real property from one person to another and in which the grantor promises that title is good and clear of any claims.

A deed is a written instrument that transfers the title of property from one person to another. Although many types of deeds exist, title is usually transferred by a warranty deed. A warranty deed provides the greatest protection to the purchaser because the grantor (seller) pledges or warrants that she legally owns the property and that there are no outstanding liens, mortgages, or other encumbrances against it. A warranty deed is also a guarantee of title, which means that the seller may be held liable for damages if the grantee (buyer) discovers the title is defective.

There are two types of warranty deeds: general and special. A general warranty deed not only conveys to the grantee all of the grantor's interest in and title to the property but also guarantees that if the title is defective or has a "cloud" on it, such as a mortgage claim, tax lien, title claim, judgment, or mechanic's lien, the grantee may hold the grantor liable.

A special warranty deed conveys the grantor's title to the grantee and promises to protect the grantee against title defects or claims asserted by the grantor and any persons whose right to assert a claim against the title arose during the period in which the grantor held title to the property. In a special warranty deed, the grantor guarantees to the grantee that the grantor has done nothing during the time he held title to the property that might in the future impair the grantee's title.

A warranty deed should contain an accurate description of the property being conveyed, be signed and witnessed according to the laws of the state where the property is located, and be delivered to the purchaser at closing. The deed should be recorded by the buyers of the property at the public records office, which is usually located in the county courthouse. Recording a deed gives "notice to the world" that a particular piece of property has been sold. Though the grantor guarantees good title in a warranty deed, the deed is no substitute for title insurance because a warranty from a grantor who later dies or goes bankrupt may have little value.


Cloud on Title; Property Law; Recording of Land Titles; Registration of Land Titles; Title Search.

warranty deed

n. a deed to real property which guarantees that the seller owns clear title which can be transferred (conveyed). A "grant deed" generally is a warranty deed, while a "quit claim deed" is not. (See: warrant, grant deed)

References in periodicals archive ?
The complaint continues that Wayne Morse did not review the purchase and sale, warranty deed or farm-lease agreement "because his severely compromised health did not permit him to read or comprehend legal documents.
containing some basic warranty deed language, quitclaim deeds printed on
The preceding chronology of events and judgments connected to the originally defined public square in 'Eugene City' demonstrate a steadily changing philosophy by Lane County and the city of Eugene about conditions and restrictions connected to the original warranty deeds of Charnel Mulligan and Eugene Skinner," Armstrong said.
They review their general warranty deed and sale contract, confident their grantor had warranted against such a situation.
The deal was closed and statutory warranty deed conveyed on Nov.
The warranty deed indicated that La Marche bought the home for $5.
17 million, according to a warranty deed recorded Monday by the Palm Beach County Clerk's office.
She prepared one deed giving ownership of certain real property to a company and later prepared a warranty deed from that company to a mortgage lender, including additional property which was never owned by the company.
In the event of a quit claim deed, a lapse of time or lawsuit may be necessary to assure quiet title for resale with a warranty deed.
Rather, the contract provided that the property would be conveyed by warranty deed, "subject to all covenants, conditions, restrictions and easements of record; subject also to zoning and environmental protection laws; any existing tenancies;.
In the event of a security in the form of a bank guarantee or insurance guarantees the applicant is required to submit an original offer warranty deed, said the original letter of guarantee must be tied together with a range of candidates to allow its return to compliance with the provisions.
When the home was sold last year, real estate watchers couldn't quite believe the warranty deed that indicated Ferguson received $5.