What is a general warranty deed and how does it affect a real estate dispute?
A general warranty deed is an important document in real estate litigation law in Texas. It is an agreement between a seller and a buyer of real estate. The deed guarantees that the title, or ownership, is transferred from the seller to the buyer and that it is clear of any encumbrances or other claims. A dispute over real estate can arise between the parties and may result in litigation. The general warranty deed serves as legal protection for the buyer and can be used to settle a dispute. The deed will provide evidence that the seller is not the legal owner of the property and that they have transferred title to the buyer. The deed will also provide evidence that the title is free and clear of any encumbrances or other claims. The general warranty deed also provides the buyer with legal protection against any future claims. If, for example, an unknown lien is discovered after the property is bought, the buyer can use the deed to prove that they purchased the real estate free and clear. The general warranty deed also entitles the buyer to compensation for any damages sustained due to the seller’s failure to disclose any encumbrances or other claims. In short, a general warranty deed is a document that serves as legal protection for the buyer in the case of a real estate dispute. The deed provides evidence that the seller has transferred title to the buyer and that the title was free and clear of any encumbrances or other claims. It also entitles the buyer to compensation in the event that a claim is discovered after the purchase.
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