Which type of deed includes warranties covering all known title issues?

Prepare for your Kentucky Auctioneer License Test with comprehensive study guides and quizzes. Explore multiple-choice questions complete with explanations to boost your knowledge and confidence for the exam.

A general warranty deed is the type of deed that includes comprehensive warranties covering all known title issues. This deed provides the highest level of protection to the grantee, as the grantor (the seller) guarantees not only their ownership of the property but also defends the title against any claims that may arise, even those that occurred before they owned the property. The grantor assures that the title is free from defects, liens, and other encumbrances, providing peace of mind to the buyer.

This level of assurance is significant because it extends beyond just the period of the grantor's ownership. It covers past ownership issues, which is crucial for buyers concerned about any potential claims that might surface later. Therefore, when a buyer receives a general warranty deed, they can feel confident that they are protected from a wide range of possible title-related issues. In contrast, the other types of deeds, such as a quitclaim, special warranty, and deed of correction, offer varying degrees of protection and do not provide the same comprehensive guarantees as a general warranty deed.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy