Video Summary
What is a General Warranty Deed? General Warranty Deed is defined in the Florida statutes and incorporates the seven warranties under the English Common law. I’m afraid, I don’t remember what all those are, all warranties, but primarily you’re concerned about whenever you buy property is that there are no liens on the property. That you have the right of possession, that you have access to the property among other things. And so in the days times when you’re transacting your real estate, the buyer usually receives Title insurance. So, if there is a problem with the Title, they look to the Title Insurance company who insured the title as far as being paid rather than suing the seller. Then that would be up to the Title company to look to the seller if they knew anything about these titles or the problems with it. So anymore you don’t have to really understand that as far as all the warranties that go with it. It’s like any other warranty that’s warranted against defects. And in this case, whoever signs the deed is doing the warranty. So the General Warranty deed is the best deed that you can receive in a real estate transaction. If you have any questions, give me a call at (727) 847-2288.