What is the difference between a warranty deed, a fee simple deed, and a quit claim deed?
A. A warranty deed guarantees the buyer that the seller can and has conveyed clear title; a fee simple deed guarantees the buyer that the ownership is bona fide but not that the property is free of liens, mortgages, or other encumbrances; a quit claim deed conveys whatever the seller may own (which could be nothing) simply transferring whatever he owns, defects and all, to the buyer. Our attorney highly recommends the use of a warranty deed.
