Warranty Deed vs. Quitclaim Deed: Which Offers the Best Title Protection?
When you are involved in a real estate transaction, the document that bridges the gap between a buyer and a seller is the deed. This legal instrument facilitates the transfer of ownership from the grantor (the current owner) to the grantee (the recipient). However, not all deeds are created equal. The type of deed you choose determines the level of protection you have against future legal claims, undisclosed liens, or ownership disputes. For any homeowner or investor, understanding the distinction between a General Warranty Deed and a Quitclaim Deed is essential. Choosing the wrong one could leave you vulnerable to significant financial loss or the total loss of your property rights. The General Warranty Deed: The Gold Standard of Protection A General Warranty Deed is the most common type of deed used in traditional residential real estate sales. It provides the highest level of protection for the grantee because it includes "covenants of title"—legally binding promises m...