what is a warranty deed?

A warranty deed is one in which the seller, when transferring the title to you, warrants that he owns the property free and clear of all liens. A quitclaim deed is a deed that says, 'I'm not warranting what I own, but I'm transferring what I do own to you" So if you owe money on a home and you want to add someone else to the deed, they would use the Quit Claim Deed.. if they sell it, they would issue a Warranty Deed to the new owners... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Williams answer is well put and easy to understand. I am a direct lender here in NJ, contact me if you need any further assistance. PBotros@OmegaLoans.net

A warranty deed is provided BY the SELLER, where they warrant there are no liens or encumbrances on the property that would affect title. In other words, you are buying the home with clean title.

all good answers but William explains it best