The Different Types of Deeds Explained: What You Need to Know

There are several types of deeds used in real estate transactions to transfer property ownership. Here are some common types of deeds:

1. Warranty Deed

A Warranty Deed provides the highest level of protection to the buyer (grantee). It guarantees that the seller (grantor) has clear title to the property and protects against any claims or defects in the title. The grantor warrants that they have the right to sell the property and will defend the grantee against any future claims.

2. Quitclaim Deed

A Quitclaim Deed is used to transfer the grantor’s interest in the property to the grantee. Unlike a Warranty Deed, a Quitclaim Deed does not provide any guarantees or warranties about the title. It simply transfers whatever interest the grantor has in the property, without making any representations about the validity or quality of the title.

3. Grant Deed

A Grant Deed is similar to a Warranty Deed in that it guarantees that the grantor has clear title to the property. However, it may not provide the same level of protection as a Warranty Deed, as the guarantees are typically limited to the grantor’s period of ownership and may not extend to previous owners.

4. Special Warranty Deed

A Special Warranty Deed, also known as a Limited Warranty Deed, provides a lesser level of protection compared to a Warranty Deed. It guarantees that the grantor has clear title to the property and protects against any claims or defects in the title that occurred during the grantor’s ownership but not prior to that.

5. Bargain and Sale Deed

A Bargain and Sale Deed is a type of deed that conveys the property from the grantor to the grantee. However, it does not provide any warranties or guarantees regarding the title. This type of deed is often used in foreclosure or tax lien sales.

These are just a few examples of the types of deeds commonly used in real estate transactions. The specific type of deed used may vary depending on the jurisdiction and specific circumstances of the transaction. It is advisable to consult with a qualified real estate attorney or legal professional to determine the most appropriate type of deed for your specific situation and to ensure compliance with applicable laws and regulations.