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Updated over 17 years ago on . Most recent reply

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Can you change the form of deed

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I purchased a home from HSBC that was foreclosed on. They conveyed it to me with a "Special Warranty Deed" which is bascially a 'Quitclaim with Covenant' Deed.

Where I live, almost everyone is taught never to buy a home that doesn't have a Warranty Deed.

Can you change the form of deed on a property? I always thought that if you hired a title attorney and they did a title search and felt comfortable that there was no cloud on the title, that you could then convey the property with a Warranty Deed and be able to get title insurance on it to boot.

In my situation, prior to the house being foreclosed on there were only 2 previous owners since the house was built and in both cases these owners had Warranty Deeds.

I find it hard to believe that a property can have a Warranty Deed on it for almost 50 years but the minute it is foreclosed on there seems to be some question surrounding the chain of ownership.

Can anyone add some insight on this? Thank you!

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