Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a limited warranty deed?

0
10 Posted

What is a limited warranty deed?

0
10

It means that the seller is limiting the way that they will guarantee the title. In a general warranty deed the seller is guaranteeing that the title is completely clear, that there are no liens and that no one else has any claims to the property. In a limited warranty the seller is guaranteeing some things but not everything, depending on the language in the deed. For example they may be guaranteeing that they have never allowed a lien to be placed on the property but they won’t promise that someone in the past didn’t have any liens placed against property. If you are receiving a limited warranty deed when you purchase property then it’s okay as long as you’re also getting a clear title insurance policy at the same time.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.