What are the different types of real estate deeds?

Real estate deeds are legal documents that transfer the rights of ownership of a property. In Virginia, there are four primary types of real estate deeds: the general warranty deed, the special warranty deed, the quit claim deed, and the deed of trust. A general warranty deed is the most common form of deed in Virginia and includes a guarantee that the property is free of any claims or encumbrances. It is typically used in the home sales process. A special warranty deed provides fewer guarantees than a general warranty deed but includes warranties from the current owner that the property was not encumbered in any way during his or her ownership. The quit claim deed is used when one party is transferring the rights to a property without any guarantees or warranties. Finally, the deed of trust is a document used to secure a loan and provide a lender with legal rights to the property. This deed is commonly used in refinancing a mortgage or taking out a home equity loan. In Virginia, all of these deeds must be signed and notarized before they are officially valid. It is also important to note that they must also be properly recorded with the county clerk or recorder for the deed to be enforceable and recognized by the courts.

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What are the different types of real estate deeds?

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