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

A warranty deed is distinct because it provides a guarantee that the title to the property is clear of any encumbrances, aside from those explicitly mentioned in the deed. This means that the seller is assuring the buyer that they own the property outright and have the legal right to transfer it. If any issues with the title arise after the transaction, the seller may be liable for any legal claims or losses incurred by the buyer as a result of those issues.

This level of assurance is essential for buyers because it instills confidence in the transaction, knowing they are protected against potential defects in the title that could arise later. In contrast, options that focus on the quitclaim deed emphasize its limited nature, as it merely transfers whatever interest the grantor may have in the property without guaranteeing that the title is clear or free of claims.

Thus, the distinction lies fundamentally in the degree of protection offered to the grantee, with the warranty deed providing a much higher level of assurance regarding title integrity. The other choices do not accurately represent the fundamental differences in protection and assurances that each type of deed offers.