A deed is a legal document that transfers ownership of real estate from one party to another. All current owners of the property must sign the deed transferring the property to the grantee. For those wishing to add or remove a party from the real estate title, a new deed must be executed.
A general Warranty Deed contains a seller’s warranty of good title and a commitment to defend it against all claims of ownership. This is the strongest deed and the most preferred.
A Quitclaim Deed is sometimes utilized to clear up a title defect, and contains no warranties. The grantor merely conveys whatever interest she may have, whatever that might be.
A deed may contain a right of survivorship, so that when one owner dies, the other owner receives title to the entire property. If you desire this relative to your closing, please discuss this with your title attorney.