warranty deed?

Guest 0.10 Dollars($)

I was just curious what is warranty deed? Can a relative transfer the property through warranty deed so that the grantee has full ownership instead the quit claim deed which the grantee does not have full ownership?

thanks

Guest 0.10 Dollars($)

A warranty deed is meant for the purpose of transferring ownership of property which is free of any lien, that is, passing on clear title to the property.

A quit claim does not say for sure who the actual owners were before the transfer, it simply mentions about the transfer.

Warranty deed mentions who the legal owners were before the transfer and also that there has been a change of ownership on property.

jameshogg

Hi Guest,

Welcome to forums.

A relative can transfer property through the warranty deed provided the property in question has no mortgage or lien against it. The deed is used in case of property which has clear title. Unlike a quit claim, warranty deed is mostly used in sale-purchase transactions.

Thanks,
James.

Guest 0.10 Dollars($)

If a warranty deed is used one major advantage buyer gets is that the seller warrants the buyer by the so called covenant of quite enjoyment.

As per this covenant, the seller is obligated to defend the title he transfers to the buyer in case any third party claims of having any interest in the property.

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