Question

A person wishes to convey any and all interests in a property to another without making any assurances as to encumbrances, liens, or any other title defects on the property. This party would most likely use which of the following types of deed?

Answer 1

Answer:

c) A Special Warranty Deed

Explanation:

First, the multiple options for the question

a)A quitclaim deed

b) A sheriff's deed

c) A special warranty deed

d) A partition deed

Warranty deeds are documents used mostly in the sales of real estate properties either commercial or residential. It is most useful when the transfer or sale of property is done between parties that are not familiar with one another. The two types of warranty deeds are General Warranty Deed  and the Special Warranty Deed. The coverage guaranteed is the difference between the two types of warranty deeds.

In using a  special warranty deed, the seller who is also the grantor of the warrant, only guarantees against issues, damages and defects that occur during the grantor's physical ownership of the property. This type of warrant does not make assurances or guarantees for defects in title on the proprty and defects that occured before ownership of the property. It is also called grant deed or covenant deed.

General Warranty on the other hand covers all issues, damages and defects on the sold property.

Since, the person only wishes to convey all interests without warrants on liens, encumrances and any other title defect, the deed is the Special Warranty Deed