I found some relevant info via google:Quoted:There are two types of deed, a "special warranty deed" in which the grantor (seller) guarantees he encountered no clouds to the title during his period of ownership ONLY. in a "general warranty deed", the grantor guarantees to defend your right of title for claims arising from ANY period. 

He defends this practice because he "lives in Hawaii and buys 50 houses a year"  He "doesn't have the time to look at every house."  

It seems the term "open and obvious" is helping defendants (ie owners) receive favorable court decisions. 

If you posted this same question on bogleheads.org you would get the exact opposite answer and have tons of folks defending the market and bashing real estate.  

I have to defend newbies because I know firsthand that lack of knowledge can always be overcome.

Defending ones self costs money.  

Yet i am willing to hear your excuse for blunder through a really bad webinar, questioning my license and not having common sense enough to defend yourself.

I try to make tenant deposit deductions based on what I am willing/able to defend. 

As well personal debt does not attach in this type of foreclosure if it is the defendants homestead.

Years ago I started my Realtor classes from Champions School but never finished.