Escrow & Title
What is a 'warranty deed' and what protections does it provide a Pennsylvania buyer?
AA deed guaranteeing the property has no environmental contamination
BA deed where the grantor warrants good title and promises to defend the grantee against any claims arising from the grantor's period of ownership (and all prior periods in a general warranty deed)✓ Correct
CA deed used exclusively for new construction sales with builder's warranty
DA deed signed by a judge guaranteeing clear title after a court judgment
Explanation
A general warranty deed contains six covenants: seisin, right to convey, against encumbrances, quiet enjoyment, general warranty, and further assurances. The grantor warrants title against ALL claims, not just those arising during their ownership. A special warranty deed limits warranties to defects arising during the grantor's ownership period. In Pennsylvania residential transactions, warranty deeds are standard; commercial transactions sometimes use special warranty or quitclaim deeds.
Related Pennsylvania Escrow & Title Questions
- A 'waiver of subrogation' in a Pennsylvania title insurance policy means:
- A title company in Pennsylvania that discovers an undisclosed lien after issuing a title insurance policy will typically:
- A chain of title refers to:
- An 'abstract of title' in Pennsylvania is:
- A Pennsylvania buyer's lender requires a 'mortgagee title insurance policy' (also called a lender's policy). This policy protects:
- In an escrow arrangement, the escrow agent's duties include:
- Title insurance in Pennsylvania protects against:
- An 'owner's policy' versus a 'lender's policy' of title insurance in Pennsylvania differs in that:
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