Question by Bilmelateron: What is the difference between a grand deed and a quitclaim deed?
And how do warranty deeds play into this?
Best answer:
Answer by greeneyedblond31558
The use of these deeds very from state to state. Warranty Deeds are used more on the East Coast when Grant Deeds are used on the West Coast.
Quit claim deed – conveys any interest that the grantor might possess in the property. It is commonly used in husband\wife transactions or name change upon marriage and corrective type deeds. This deed contains no warranties to the title.
(CA Interspousal deeds are treated the same as quit claim deeds)
Grant Deed – A deed containing an implied promise that the person transferring the property actually owns the title and that it is not encumbered in any way, except as described in the deed.
Warranty deed, General Warranty Deed – One step more than a Grant Deed. With this deed, the Grantor also warranties the title and agrees to pay damage if title issues arise.
Limited Warrant Deed \ Special Warranty Deed – Similar to the Warranty except the grantors warranty to the title is limited to problems arising during their ownership.
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