Delaware Deed Forms & Templates
Delaware property deed forms are easy to navigate with the correct information. There are a few common kinds of Delaware deeds, and we’ll go over them here.
Delaware General Warranty Deed
A general warranty deed is the most common type of property transfer deed. It is also considered the safest option for a buyer.
A general warranty deed in Delaware means that the seller (Grantor) guarantees there are no conflicts with the title and that they are wholly responsible for the transfer of the title. It also ensures that if any dispute arises, it is the grantor, not the grantee (buyer), who is liable.
Delaware Quitclaim Deed
With a quitclaim deed in Delaware, a seller can transfer their interest or share in a property to a buyer. This type of deed does not guarantee protection for the buyer. The seller only quits their claim on a property, and it does not guarantee there is no other interest in a property or that the buyer is getting the property outright.
There is no warranty promise. This deed is nothing more than a transfer of interest with no guarantee that the seller has ownership of the property. There is also no guarantee that the property is free of debt.
Delaware Special Warranty Deed
A Delaware special warranty deed transfers a title from one entity to another. It is similar to a general warranty deed but with a more limited scope. While a general warranty deed means the buyer has protection from any and all interest or claim on a property, the special warranty is limited.
This deed does not guarantee that the title history is “clean” after being run past the current owners – only that the current owners have not transferred their interest in the property to anyone else.
Delaware Deed of Trust
Delaware is not a state that allows for deeds of trust.
A deed of trust operates similar to a mortgage which is what you will have in Delaware. A Delaware deed of trust would likely not be how you transfer property in this state.
The way a deed of trust would work is that a buyer and lender enter an agreement where the home buyer agrees to repay the loan on a property, and the mortgage lender will hold the legal title to the property until the lender pays the loan in full.
FAQs for Property Transfer in Delaware
Here are the most common questions about Delaware deeds: