[vr_bossman]

I purchased a tax property and received a limited warranty deed. Do I own the property or are there restrictions on the property?

[Fr_Chuck]

Did you do a full title search and purchase title insurance?

A limited warranty deed only means that the seller is only giving you a promise or warranty on some specific things, those things are limited or listed in the deed, Normally they will state that they are the legal owner and have the right to sell or something like that, but normally do not warrant against other claims that may be made latter. But the exact limit to the deed is written in the deed.

For example a quitclaim deed, contains no warranty what so ever and is in my guess one of the most used, it merely says if the person does own the property, they are selling it to you.

But in any of them you own them, the only issues is if there are any claims that can be made by a past owner, a past spouse of a owner or a mortgage company that may have not been paid.

That is of course why you hire a title companay to do a title search and you buy title insurance.