General warranted Deeds VS. Special Warranted Deeds

[Daren Wang]

Just came across some interesting properties on auction.com, and they do offer special warranted deeds, I guess it is better than quit claim deeds, which you don't even know if the seller has the right to sell.

If you receive special warranted deed and clean up the ones that bank didn't, you are good to go, and may flip to next buyer who would take mortgage.

Anyone has experience with special warranted deeds, care to share?

[Joel Owens]

A general warranty deed usually warrants title through the whole chain of ownership through time.

A special warranty deed which is what many banks and REO do is saying " I only warranty title on the property for the time I have owned it ".

Quit claim basically says " whatever interest I have in the property I give to you but no warranty on title is implied whatsoever "

Hope it helps. No legal advice.