What is Special Warranty Deed?
A Special Warranty Deed is a legal document that transfers ownership of real estate property from one party to another. This type of deed differs from a General Warranty Deed in that it only guarantees the title during the ownership period of the seller, limiting the responsibility of the seller for any defects or claims against the title that may have occurred before their ownership.
What are the types of Special Warranty Deed?
There are two main types of Special Warranty Deeds:
Special Warranty Deed - Full Covenant of Warranty: This type of deed provides the highest level of protection for the buyer, as it guarantees the title against any claims or defects, not only during the seller's ownership but also prior to their ownership.
Special Warranty Deed - Limited Covenant of Warranty: This type of deed only guarantees the title during the seller's ownership period, excluding any claims or defects that may have existed before their ownership.
How to complete Special Warranty Deed
Completing a Special Warranty Deed involves the following steps:
01
Obtain the necessary form: You can find a Special Warranty Deed form online or consult with a real estate attorney to draft one for you.
02
Fill in the details: Provide accurate information about the property, buyer, seller, and any other relevant parties.
03
Include the legal description: Identify the property by providing a detailed legal description, including lot numbers, block numbers, and any other relevant information.
04
Sign the deed: Both the seller and buyer need to sign the deed in the presence of a notary public.
05
Record the deed: File the completed deed with the appropriate county recorder's office to make it a matter of public record.
06
Keep a copy: Make sure to keep a copy of the completed and recorded Special Warranty Deed for your records.
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