Which type of deed gives the grantee the greatest protection?
- Special warranty deed
- Bargain and sale deed
- Quitclaim deed
- General warranty deed
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D. General warranty deed
In a general warranty deed the grantor warrants the title against defects arising at any time, including before the grantor owned the property. A special warranty deed covers only the grantor's own period of ownership.
Reference: Deeds: general warranty deed
A grantor warrants the title only against defects that arose while the grantor owned the property. This is a:
- General warranty deed
- Special warranty deed
- Quitclaim deed
- Deed of trust
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B. Special warranty deed
A special (limited) warranty deed limits the grantor's promise to claims arising "by, through or under" the grantor. A general warranty deed reaches back through the whole history of the title, and a quitclaim deed promises nothing.
Reference: Deeds: special warranty deed
A quitclaim deed conveys:
- Whatever interest the grantor has, if any, with no warranties
- Full title with a warranty against all prior encumbrances
- A lien on the property as security for repayment of a loan
- Title that is warranted only for the grantor's ownership
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A. Whatever interest the grantor has, if any, with no warranties
A quitclaim deed transfers only the interest the grantor may hold and makes no promise that the grantor owns anything. It is commonly used to clear a cloud on title or to transfer between family members.
Reference: Deeds: quitclaim deed