What is a limited warranty deed?

In General Area - Asked by Fred K. - Aug 24, 2009
Report Abuse
Answer this Question

Answer(s)

Gene R.
Property/Asset Manager
Avalon, NJ

With a limited warranty deed the Seller warrants their ownership of the property as to defects in the deed and title caused by their ownership. Versus a general warranty deed by which a Seller warrants that there are no defects even from all previous owners. In today's world a Bargain and Sale deed is utilized where there are no warranties from the seller. The Buyer is left to their own investigation of the Title and buys Title Insurance to warrant that title.

Aug 26, 2009
Report Abuse
Gregory G.
Broker/Agent
San Francisco, CA

A "Limited Warranty" deed is a less common form of deed that warrants the state of title while the seller owned the property. (A "Limited Warranty" deed’s warranty is limited to the time the grantor owned the property, while a "General Warranty" deed’s warranties also cover all the time the property was owned by prior owners.)
http://www.gregorygarver.com

Sep 1, 2009
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question