What is the main function of a special warranty deed?

The main function of a special warranty deed is to limit the warranties provided by the grantor to the period of the grantor's ownership. This means that the grantor guarantees that they have not caused any defects during their ownership but does not provide warranties regarding any issues that may have arisen before they acquired the property. This type of deed offers a degree of assurance to the buyer while also protecting the seller from liabilities related to previous ownership. Such deeds are commonly used in transactions where the seller may not have full knowledge of the property’s history, thereby giving a balance of interest to both parties involved in the transaction.