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

    Nov 11, 2007, 06:54 PM
    Limited warranty deeds
    I am trying to find out the difference between a "limited warranty deed" and a clear "deed" in order to sell a piece of property
    Thank you.
    Terri
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Nov 11, 2007, 07:37 PM
    There is no such thing as a "clear" deed, there are quitclaim deeds, limited warranty deeds, warranty deeds, tax sale deeds and dozen of other types of special deeds.

    A deed is clear if there is no title issue. A limited warranty deed merely only gives warranty into the issue listed. Such as legal owner, clear title, and so on. These are still better than a quitclaim deed, but not as good as a warrranty deed.

    If someone bought the property on a limited warranty deed, then they have a clear title as long as the title search comes out clear, and of course you still buy title insurance in case some isue comes up latter.
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