Warranty Deeds

Question 1

What does a deed contain?

Answer 1

The signature of the person transferring the real estate
The date of the transaction
The names of the parties involved
A description of the property being transferred

Question 2

What is a warranty deed?

Answer 2

Give grantee a warranty, or guarantee, that the grantor does actually have legal title to the property.

Question 3

What is a general warranty deed?

Answer 3

The grantor is responsible for any breach of warranties and guarantees, even if the breach occurred without their knowledge or during a period when the grantor did not own the property.

Question 4

What is a special warranty deed?

Answer 4

Makes the grantor responsible for any breach of warranties and guarantees, even if the breach occurred without their knowledge.