A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.

What is general warranty deed Texas?

A General Warranty Deed is a document that transfers title with both express and implied warranties. The Grantor warrants the entire chain of title all the way back to sovereign government. This type of instrument is the strongest form of deed in Texas.

Is a general warranty deed considered proof of title?

The general warranty deed is the standard instrument for home sales. Your notarized warranty deed is proof of ownership, and that the grantor transferred complete and clear title to you.

Is the warranty deed the same as the deed?

Let’s start with the definition of a deed: “DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee.” A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.

What is the difference between a warranty deed and a title?

The Difference Between A Title And A Deed The biggest difference between a deed and a title is the physical component. A deed is an official written document declaring a person’s legal ownership of a property, while a title refers to the concept of ownership rights.

Can you do your own warranty deed in Texas?

As a property owner and grantor, you can obtain a warranty deed for the transfer of real estate through a local realtor’s office, or with an online search for a template. To make the form legally binding, you must sign it in front of a notary public.

What is the difference between a warranty deed and a survivorship deed?

A deed is a legal document that transfers property from one party to another. A warranty deed is the most comprehensive and provides the most guarantees. A survivorship deed is a deed conveying title to real estate into the names of two or more persons as joint tenants with rights of survivorship.

Who is the grantor on a general warranty deed?

On a general warranty deed, the current property owner or seller is referred to as the “grantor” while the new property owner or buyer is called the “grantee.”

What do you need to know about a warranty deed?

What is a Warranty Deed? A warranty deed (sometimes called a general warranty deed) is a form of deed that provides a full guarantee of title to real estate. This guarantee covers acts taken by all previous owners in the chain of title. A warranty deed requires special language to ensure that the deed meets state requirements.

What’s the difference between a general and special warranty deed?

While similar to a general warranty deed, a special warranty deed also has its differences. With a special warranty deed, the grantor only promises that there are no title defects or issues within the timeframe of his or her ownership. No promises are made about the title history from before the grantor owned the property.

What’s the difference between a quitclaim and a warranty deed?

A warranty deed contains a guarantee that the grantor has legal title and rights to the real estate. A quitclaim deed offers little to no protection to the grantee. Warranty deeds ensure that the grantor has the right to sell the property, and guarantees that there are no liens or encumbrances against the land.