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  • Feb 17, 2007, 09:16 AM
    BAM4409
    Real Estate Law
    What is the difference between limited warranty deed and a regular warranty deed when purchasing a new home
  • Feb 17, 2007, 09:24 AM
    LisaB4657
    You can read an explanation of the differences here:

    Types Of Deeds Lawyers, Legal Information, Attorney Finder

    (A special warranty deed is the same thing as a limited warranty deed.)
  • Feb 17, 2007, 09:32 AM
    BAM4409
    Real Estate Law
    Regarding my question about the difference between limited warranty deed and regular warranty deed

    Specifically, what is meant by "limited" what makes it limited?
  • Feb 17, 2007, 09:40 AM
    LisaB4657
    It is limited in what the seller is warranteeing. Some deeds will warrant that the title is good and no one in the past has ever done anything to cloud the title. Other deeds will warrant that, to the best of seller's knowledge the title is good and the seller has never done anything to cloud the title.

    As long as you purchase a title insurancy policy when you buy the home it really doesn't matter what type of deed the seller gives you. The title company will do a search and if title is good then they will sell you an insurance policy at closing. Then if anyone ever comes along and makes a claim the title insurance company will defend you.

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