Question: What is the term for the legal document that transfers ownership of real property from one party to another?
Answer: The legal document that transfers ownership of real property from one party to another is called a Deed.
Common types of deeds include:
Warranty Deed – Provides the highest level of protection to the buyer, guaranteeing clear title.
Special Warranty Deed – Covers only the period during which the seller owned the property.
Quitclaim Deed – Transfers whatever interest the seller has in the property without warranties.
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