Warranty Deed

Title is conveyed from seller to buyer by delivery of a deed. There are two common types of deeds, Warranty deeds and quit claim deeds. When you are in the deal of purchasing or selling a house, you must need certain documents to be verified with the qualified person or the real estate agent/lawyer. Most importantly, warranty and quit claim deed. A deed is a legal document conveying title to a property.

A warranty deed is a legal document which a seller presents to the buyer at the time of sales transaction stating that the selling property has no liens and it is free from all the debts. The seller warrants or guarantees about the title of the property. It is most commonly used form of deed at the time of purchase and selling process because it provides the complete documentation of assurances to the buyer. Basically in the document of deed a seller can also called as the grantor and the buyer can be called as the grantee.

The warranty deed document also denotes that the seller has the complete right on the property and he can transfer the ownership of the property which is free from all the liens. Once the ownership is transferred, no one like any financial institution or any creditor can claim on the property. This is actually the assurance that deed represents to the grantee.

The deed can be warranty or the quit claim but the buyer needs to understand the complete process and if required should consult a real estate agent or real estate lawyer for more clarification.