Describe in detail the three basic types of deeds including any warranties or guarantees the deeds provide
The three basic types of deeds are grant deeds, quitclaim deeds, and warranty deeds. A grant deed contains implied warranties that (1) the grantor has not previously conveyed the same property or any interest in it to another person, and (2) the title is marketable. A grant deed also conveys after-acquired title meaning that if at the date the deed is executed the grantor does not have title to the real property referred to in the grant deed, but subsequently acquires it, the title will be automatically transferred to the grantee. A quitclaim deed contains no warranties, and the grantor conveys only whatever right, title, and interest the grantor holds, if any, at the time of execution. A quitclaim deed does not convey after-acquired title. A warranty deed contains the implied warranties of a grant deed; in addition, the grantor expressly warrants the title to and the quiet possession of the property. Warranty deeds may also contain other express warranties as well.
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