| Real estate deeds are part of the | | | | buyer. Buyers should require that title |
| process of taking title in a property. | | | | insurance be issued in conjunction with |
| Title is the right to hold an ownership | | | | this deed. |
| interest in a property, the right is | | | | -Quitclaim. If the seller offers this |
| transferred through a deed. There are | | | | type of deed, buyers should understand |
| several common forms of deeds. Review | | | | that a quitclaim offers them the least |
| the type of deed that you will receive | | | | protection of any deed type. |
| from the seller of the property you are | | | | -Deed in trust, reconveyance deeds, and |
| purchasing with an experienced real | | | | deeds executed pursuant to a court order |
| estate attorney. | | | | are unique deeds and you should consult |
| -General warranty deed. This type of | | | | an attorney about their use in your |
| deed ensures the grantee (buyer) the | | | | state. |
| greatest protection. Investigate the | | | | -In most states basic deed requirements |
| laws in your state pertaining to this | | | | include; the seller has the legal right |
| deed type. | | | | to transfer the property, an |
| -Special warranty deed. This deed type | | | | identifiable buyer, a clause from the |
| offers the buyer two guarantees from the | | | | seller (grantor) conveying the property |
| seller. The first guarantee is that the | | | | to the buyer (grantee), a legal |
| seller received title and the second one | | | | description of the property (usually |
| guarantees that the seller did not | | | | from a survey), consideration (something |
| encumber (anything that lowers the | | | | of value), and the signature of the |
| value, use or enjoyment) the property | | | | seller. The seller must deliver a deed |
| during the time the seller owned the | | | | to the buyer and the buyer accepts. When |
| property. | | | | all of these steps are completed the |
| -Bargain and sale deed. Has few | | | | title to the property will be passed |
| warranties offered by the seller to the | | | | from the seller to the buyer. |