Types of Real Estate Deeds

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