Special warranty deed

[Amber Stevens]

I'm looking at a property up for auction on homesearch and it says buyer will receive a special warranty deed or equivalent. What is that?

Thanks!

[Joel Owens]

General warranty deed means the property is guaranteed all the way through title.

Special warranty deed means they are guaranteeing for only the time the current seller selling it has owned it.

Quit claim deed is saying whatever interest I have in the property I am giving it to you.

Special warranty deed is common for pre-foreclosure, foreclosure, inherited type properties that are usually sold AS-IS.

You need to make sure a title policy will cover you under a special warranty deed versus the general.

No legal advice given.