DO DIFFERENT TYPES OF DEEDS EXIST?
Yes. The most common types of deeds are warranty and quit claim deeds. The warranty deed is at the top of the food chain because the seller provides you with a warranty or guarantee that s/he owns the property. With the quitclaim deed, however, the seller only sells or transfers whatever s/he owns, if anything. Given these differences, go for the warranty deed for the most protection in the event that your ownership interest is ever challenged. In some states, other types of “deeds” are also used.
