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Business Definition for: special warranty deed

special warranty deed

a deed in which the grantor limits the title warranty given to the grantee to anyone claiming by, from, through, or under him, the grantor. The grantor does not warrant against title defects arising from conditions that existed before he owned the property.

Example: Because of bankruptcy of its owner, a property goes under trusteeship. When the property is sold to satisfy creditor claims, the trustee conveys a special warranty deed to the buyer. This provides the buyer with warranty against claims incurred only during the time the property was held by the trustee.

See also warranty deed
special warranty deed

deed in which the grantor limits the title warranty given to the grantee to anyone claiming by, from, through, or under him, the grantor. The grantor does not warrant against title defects arising from conditions that existed before he owned the property.

See also warranty deed
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