What is the difference between a warranty deed and a quitclaim deed?
With a warranty deed, the seller is making a “warranty” of good title to the buyer. The warranty includes that the seller is the owner of the property and that there are no mortgage liens, tax liens, title defects, etc. With a quitclaim deed, the seller makes no warranty of good title. So, for example, I could give you money in return for your quitclaiming the Brooklyn Bridge to me. Once I found out that you don’t own the bridge, I could not sue you because you did not make any warranty to me.
