What is a warranty of title?

A warranty of title in South Carolina is a promise by a seller that he or she owns the property they are selling and can transfer ownership of that property to the buyer. For example, if a seller of a house promises that he has the right to sell it and that it is free from all liens, that would be considered a warranty of title. A warranty of title is an important part of a contract when buying or selling property. It guarantees that the property is free from any claims by a third party, including prior owners or creditors. Without a warranty of title, the buyer may not be able to take full ownership of the property or may have to deal with any claims that arise against the property. In South Carolina, all real estate sales contracts must include a warranty of title. This warranty protects the buyer from any claims that may arise from the sale. The parties must agree on exactly what is being warranted and what is not. This must be made explicit in the contract language in order for it to be enforceable. The warranty of title is an important part of any sale of real estate in South Carolina. It helps protect the buyer from any potential claims that may arise after the sale is complete. The parties must agree to all terms in the warranty of title for it to be valid and enforceable.

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What is a warranty of title?

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