A copy of the deed to the property serving as collateral will contain the name of the owner(s) and a legal description. In a Warranty Deed (or general warranty deed) the grantor (seller) warrants (promises) that the title to the property is good from the “Sovereignty of the Soil” to the present grantee (buyer). A warranty deed represents good, clear title including usual covenants of title such as warranties of freehold title, quiet enjoyment, right to convey, freedom from encumbrances. In addition, the warranty deed covenants that the grantor (seller) will indemnify the grantee (buyer/new owner) from claims arising from any third party seeking to establish an interest in the real estate. In a Special (Limited) Warranty Deed the grantor covenants only to warrant and defend the title as to events occurring during ownership of the grantor, and not to prior owners. In a Quitclaim Deed the grantor conveys any title, interest, or claim which the grantor may have in the R/E, but not professing that such title is valid, and not containing any warranty or covenant of title.