This type of document is used most times in real estate. The document, just like the what is been described in the question is a document that has has legal bindings which is been used in the transferring of one properties to another person, individual, group, corporations or organization. The grantor is known as the seller. Warrant deed is one of the two main types of deed, the other deed is known as Quitclaim deed.
"Under a warranty deed, the grantor is held legally responsible to the grantee for the condition of the title. However, this type of deed is seldom used in California, because sellers in California are very reluctant to assume this much responsibility and liability." In the property matters,Warranty deed proved protection to the purchaser and the parties involved in warranty deeds are owner or seller of the property and the buyer.On legal terms owner is known as grantor and buyer to be grantee.
