The statement that is TRUE regarding a special warranty deed is option A The grantor's warranties are limited to the time the grantor owned the property.
What is a special warranty deed?
A special warranty deed is a deed to real estate where the grantor warrants only against anything that occurred during their physical ownership. In other words, the grantor does not guarantee against any defects before they took possession of the property.
Therefore, the correct answer is option A. The grantor's warranties are limited to the time the grantor owned the property.
The complete question goes thus:
Which of the following is TRUE regarding a special warranty deed?
A. The grantor's warranties are limited to the time the grantor owned the property.
B. The grantor retains an ownership interest in the property.
C. The grantor is warranting that no undisclosed encumbrances exist against the property.
D. A grantor makes additional warranties beyond those given in a general warranty deed.
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