Eric CruzWhen purchasing a home together with a spouse, business partner, friend, or other family member, a common decision that must be made at the time of purchase is which individuals or entities will hold legal title to the property. Generally, the person or persons borrowing the funds to purchase the property ends up with legal title to the property.
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What are the common types of deeds in Florida?
There are three primary types of deeds: quitclaim, special warranty, and general warranty. The differences are in the warranty of title offered by the grantor.
A quitclaim deed provides no warranty of title. It simply conveys whatever interest the grantor may have in the described property.
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