Keyword Analysis & Research: warranty deed definition

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What is the difference between a warranty deed and a deed?

Also Know, what is the difference between a deed and a warranty deed? They serve different purposes and are signed by different parties. The warranty deed transfers the property's ownership from the current owner to the new buyer, while the deed of trust ensures the lender has interest in the property in the event a buyer defaults on the loan.

What are the different types of warranty deed?

Warranty Deed: The warranty deed is divided into two subtypes, the general warranty deed and the special warranty deed. The general warranty deed is the most commonly used warranty deed because it provides the greatest protection to the buyer of the property or the grantee.This type of deed is typically employed in residential real estate transactions.

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