Property Ownership
Mississippi's warranty deed covenants protect the grantee against all EXCEPT:
AFuture claims by the grantor
BClaims by prior owners in the chain of title (under a general warranty)
CPhysical damage to the property after transfer✓ Correct
DDefects in title arising before the grantor's ownership (under a general warranty)
Explanation
Deed warranties protect against title defects and encumbrances. They do not protect against physical damage to the property after transfer—that is covered by homeowner's insurance.
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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).
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
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.
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