What’s a “special” warranty deed?
August 27th, 2008 By Peter G. Miller
With a “special warranty deed” an owner says that he or she owns the property but does NOT make any guarantees about prior title claims and does NOT say the property is free and clear of all liens.
Example: I will sell you my home but I can’t tell you if there are any prior title issues.
When a special warranty deed is offered buyers must obtain a complete title examination and title insurance to protect their interests — no lender will finance a transaction without such protections and neither should a buyer purchase without appropriate title coverage.
For details, please see an attorney or legal clinic in the jurisdiction where the property is located.
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