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    BAM4409's Avatar
    BAM4409 Posts: 2, Reputation: 1
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    #1

    Feb 17, 2007, 09:16 AM
    Real Estate Law
    What is the difference between limited warranty deed and a regular warranty deed when purchasing a new home
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #2

    Feb 17, 2007, 09:24 AM
    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.)
    BAM4409's Avatar
    BAM4409 Posts: 2, Reputation: 1
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    #3

    Feb 17, 2007, 09:32 AM
    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?
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #4

    Feb 17, 2007, 09:40 AM
    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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