Understanding Warranty Deeds: Essential Insights for Financial Security
Explore the importance of a warranty deed in real estate transactions. Understand how this essential document protects your financial interests and ensures secure property ownership.
Expert information on property transfers and legal protection
A warranty deed is a type of deed where the grantor (seller) guarantees they have a clear title to a piece of real estate and can transfer their ownership interest to the grantee (buyer). This deed provides the highest level of protection for the buyer in a real estate transaction.
Key aspects of a warranty deed include:
Offers complete protection against all prior claims on the property.
Protects against claims that arose during the grantor's ownership period.
Provides protection against specific claims or for a specific time period.