A deed is not the title to real estate but, rather, it is the document to transfer title to another party.The two most common types of deeds are warranty deeds and quit claim deeds.
A warranty deed is usually the appropriate deed to convey title in sales of real estate in arm’s length transactions. A warranty deed means that the seller is warranting to the buyer that the title to the property is marketable. The title to the property is marketable if there are no clouds on the title. If a party signs a warranty deed and there are problems on the title, then the party may be held responsible for clearing title.
Typically, a quit claim deed is given to transfer title among family members or transfers not involving any consideration. A quit claim deed simply means that the grantor is conveying title to property without any warranties. The grantor is simply conveying any interest that he/she has in the property.