Answers.com > Wiki Answers > Categories > Law & Legal Issues > Property Law > Deeds and Ownership > What are the disadvantages of special warranty deed?

What are the disadvantages of special warranty deed?

In: Deeds and Ownership [Edit categories]

Answer:

A Special Warranty Deed only provides warranty of title for the period during which the grantor owned the property. In some jurisdictions that type of deed is called a quitclaim deed. It does not guarantee that the grantor has good title, full ownership or that there exist no liens or defects prior to the grantor's ownership.

If you acquire real property by a Special Warranty Deed you should have the title examined by a professional title examiner who is familiar with the required time period that must be covered by a title examination in your state as well as ALL the legal issues that affect title to real property. An attorney should represent you in the purchase.

First answer by Kluss. Last edit by Kluss. Contributor trust: 698 [recommend contributor ]. Question popularity: 1 [recommend question].

[report abuse]

Can you answer these Deeds and Ownership questions?

	What if the same person owns both parcel's of land when recording a right of way easement?	Answer it!
	Are you allowed to lock your husband out of your house in NJ?	Answer it!
	How do you change the name on a deed from a deceased parent to my name in Scotland?	Answer it!
	Can someone put a lien on a property in the UK that is not under the name of the debtor?	Answer it!
	Where to get forms to add name to property deed in MA?	Answer it!

Relevant answers:

Special warranty deed vs general warranty deed?
Special warranty deeds are becoming more common. A general warranty deed is a promise to the buyer that the seller will warranty any prior problems with title, not just during the seller's ownership,...
What is the difference between a grant deed and a special warranty deed?
A special warranty deed provides specific warranties while otherwise not making a statement or commitment to other aspects. You may warranty that you held title but you are not making a claim about...
What is the difference between a warranty special warranty and quitclaim deed?
A general warranty deed or warranty deed is one where the seller guarantees there are no title defects, that she/he is the owner of the land and has the right to sell it. A warranty deed guarantees...
Who signs a special warranty deed?
The grantor is the owner of the property. Every deed must be signed by the grantor. If there are multiple owners they must all sign the deed.
Is a title search the same as a special warranty deed?
No! A title search is a process that one goes through to determine who holds what interest or title in a given piece of property at present as well as who might have present non-ownership claims to...