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A general warranty deed protects the grantee against title defects arising at any point in time, extending back to the property's origins. [1] A special warranty deed protects the grantee only against title defects arising from the actions or omissions of the grantor. [1]
Buying or selling a home usually involves a fair amount of paperwork. A warranty deed is one of the more important documents you may encounter during the process. Warranty deeds are used to verify ...
The latter type of deed is usually known as a special warranty deed. While a general warranty deed was normally used for residential real estate sales and transfers, special warranty deeds are becoming more common and are more commonly used in commercial transactions.
The quitclaim deed is also sometimes used, although this document is most often used to disclaim any interest in a property rather than selling a property that one owns. A grant deed includes a detailed property description, which helps avoid confusion or disputes regarding the boundaries and characteristics of the property being transferred.
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This is a deed "for which the grantor implies to have or have had an interest in the property but offers no warranties of title to the grantee." [2] Under common law, this type of deed technically created a use in the buyer who then gets the title. [3] Under the statute of uses, modern real property law disregards this subtle distinction.
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This office conducted a thorough review to ensure the accuracy of the claim, the land's availability, and the payment method. Ultimately, the General Land Office issued a land patent for the public land in question and forwarded it to the President for his signature. The first US land patent was issued on March 4, 1788, to John Martin. [4]
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