Escrow & Title
A general warranty deed provides the grantee with the strongest protection because it contains the grantor's covenant to:
AWarrant title only against claims arising during the grantor's ownership
BWarrant and defend title against all claims, including those arising before the grantor's ownership✓ Correct
CTransfer title without any representations about prior ownership
DWarrant title only if the purchase price exceeds market value
Explanation
A general warranty deed contains the broadest covenants. The grantor warrants and defends the title against all defects and encumbrances, whether they arose before or during the grantor's ownership.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
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