Freehold
Transfer of Title term
A deed that warrants title only against defects arising during the grantor's period of ownership.
This term belongs to Transfer of Title. The questions below are real items from Freehold's bank that use it - each one cites its source.
Every Freehold question shows why the right answer is right — and cites its source.
Which deed provides the buyer with the greatest protection?
General warranty deed — A general warranty deed contains the fullest covenants, warranting title against defects arising at any time, even before the grantor owned the property. Other deed types progressively limit or eliminate these warranties.
Source: PSI National Real Estate Exam Content Outline §9 Transfer of Title
Which deed contains warranties from the grantor that cover only the period during which the grantor owned the property, not before?
Special warranty deed — A special warranty deed warrants title only against defects or encumbrances that arose during the grantor's own period of ownership, unlike a general warranty deed which covers the entire history of the property.
Source: PSI National Real Estate Exam Content Outline §9 Transfer of Title
Between a general warranty deed and a special warranty deed, the key difference is the:
Time period covered by the grantor's warranties — A general warranty deed warrants against title defects arising at any point in history, while a special warranty deed limits those warranties to defects that arose only during the grantor's own period of ownership.
Source: PSI National Real Estate Exam Content Outline §9 Transfer of Title
See every term in this area: Transfer of Title glossary