The type of deed used by the seller determines the scope of the warranties the buyer is given.

Question

Quizplus · Accepted Answer

This statement is true. The type of deed used by the seller will have specific language regarding the warranties, or promises, made by the seller to the buyer regarding the title of the property. Some deeds, such as a general warranty deed, provide the broadest scope of warranties, while others, such as a quitclaim deed, provide very limited or no warranties at all. It's important for buyers to understand the type of deed being used in a transaction and the level of protection it provides.

The Type of Deed Used by the Seller Determines the Scope