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Author Question: Compare and contrast a general warranty deed, a special warranty deed, and a quitclaim deed. What ... (Read 88 times)

Themember4

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on: Aug 3, 2018
Compare and contrast a general warranty deed, a special warranty deed, and a quitclaim deed.
 
  What will be an ideal response?

Question 2

Quit claim deeds are used when the interest of the grantor may be doubt.
 
  A. True
   B. False


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Hdosisshsbshs

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Reply #1 on: Aug 3, 2018
Answer to Question 1

A general warranty deed is the highest level of assurance to the buyer. The grantor warrants that the property is being transferred and conveyed without any reservation and is free and clear of any encumbrances or defects including those from prior owners. In a special warranty deed, the grantor gives a limited warranty, which extends to the grantor's interest only. There is no assurance with respect to previous owners in the chain of title. In a quit claim deed, the grantor makes no assurances concerning the quality and content of title. The quit claim deed is used when the interest of the grantor may be in doubt.

Answer to Question 2

A


Themember4

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Reply 2 on: Aug 3, 2018
Great answer, keep it coming :)

mochi09

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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