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    Clay Wisely's Avatar
    Clay Wisely Posts: 1, Reputation: 1
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    #1

    Nov 3, 2006, 03:59 PM
    Real estate deeds
    What is the difference between a limited warranty deed and a general warranty deed?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Nov 3, 2006, 05:36 PM
    A limited warranty deed will only give you the specific warranties that are written into the deed.

    A general warranty deed, warranties that the person selling it is the actual owner, that there is no other owner or interested known and that the seller has such rights to sell the property.

    I could for example give you a deed for the Empire State Building, now I don't own it, and I don't have any right to sell it, but I could give you a quick claim deed, since a quick claim only says I am giving you what interest I have, if any on this property. ( no warranty what so ever)

    I could give you a limited warranty deed, saying that I have the right to sell, it may not say that others also have an interest in the property, and it does not say I have done a title search to be sure there is no past interest.

    That is why the buyer always wants title insurance

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