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    msostre7's Avatar
    msostre7 Posts: 1, Reputation: 1
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    #1

    Oct 31, 2008, 08:19 AM
    Different titles
    I would like to know the difference between a general title warranty and a limited title waranty.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Oct 31, 2008, 08:27 AM

    A title warranty means that the giver warrants the title is clear of encumbrances. That warrant might be limited by certain factors.

    It would help if you explained the context.
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #3

    Oct 31, 2008, 08:58 AM
    A general warranty means that the seller is warranting that the title is clear of anything and everything. A limited warranty means that the seller is warranting that the title is clear of limited things, such as saying that there are no mortgages on the property. However in that case the seller is not warranting that the title is clear of other things such as other liens or judgments.

    If you are the buyer, get a title insurance policy. Then it doesn't matter what the seller warrants. The title insurance policy should protect you.
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