Question

What is the name of the deed where the grantor warrants that he/she has not already transferred title to another and that he/she has not encumbered the property except as noted in the deed?

1) Quitclaim Deed
2) Warranty Deed
3) Special Warranty Deed
4) Trust Deed

Answer 1

The name of the deed where the grantor warrants that he/she has not already transferred title to another and that he/she has not encumbered the property except as noted in the deed is Warranty Deed.

Step-by-step explanation:

The correct answer is 2) Warranty Deed.

A Warranty Deed is a type of deed where the grantor (seller) warrants that they have not already transferred title to another person and that the property is encumbered only as noted in the deed. This means that the grantor guarantees that they have the legal right to sell the property and that there are no undisclosed claims or encumbrances on the property.

For example, if someone sells a house with a Warranty Deed, they are promising that they haven't already sold the house to someone else and that there are no undisclosed liens, mortgages, or other claims against the property, except as stated in the deed.