What is the difference between a warranty deed and a quitclaim deed?

A warranty deed is a type of deed used when transferring ownership of real estate in Virginia. This type of deed offers warranties of title against any third-party claims to the property. A warranty deed also declares that the grantor holds a clear title, has the right to transfer their ownership, and has not sold the property to any other person already. A quitclaim deed is also used for transferring the rights to real estate in Virginia. But unlike a warranty deed, a quitclaim does not guarantee the property is free from third-party claims and does not have any warranty of title. It simply grants whatever interests in the property that the grantor may have. Due to this lack of guarantee, quitclaim deeds are commonly used in family transfer of real estate between close relatives and in situations where the grantee does not require a warranty deed.

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What is the difference between a warranty deed and a quitclaim deed?

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