Escrow & Title
What is a 'special warranty deed' and how does it differ from a general warranty deed in Illinois?
AA special warranty deed is used only for government-owned property
BA special warranty deed warrants title only against claims arising during the grantor's period of ownership, not against prior claims✓ Correct
CA special warranty deed requires court approval before recording
DA special warranty deed provides more protection than a general warranty deed
Explanation
A special warranty deed (also called a limited warranty deed) warrants title only against defects arising during the grantor's period of ownership. The grantor makes no warranties about the title before they acquired it. This is often used in commercial transactions and by banks, executors, and others who did not occupy the property. It provides less protection than a general warranty deed.
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