What is a special warranty deed and how does it affect a real estate dispute?

A special warranty deed is a type of conveyance deed in North Carolina that provides a limited form of protection to the buyer. This type of deed is usually used to convey a single property from one individual to another. It states that the person who is selling the property guarantees that there are no liens against the property, and they will reimburse the buyer if any claims or disputes arise. This type of protection is especially beneficial in cases of real estate litigation. When a dispute arises, a special warranty deed ensures that the seller will be responsible for any existing liens on the property, or any liens that may arise due to the dispute. If the dispute is resolved in favor of the buyer, the seller must still provide compensation for any costs associated with the dispute. The buyer is also protected if the dispute is resolved in the seller’s favor. The special warranty deed ensures that the buyer will not be held liable for any costs associated with the dispute. This type of deed also protects the buyer from any errors that the seller may have made when transferring the ownership of the property. Overall, a special warranty deed can be an important part of a real estate dispute. It provides a level of protection for both the seller and the buyer by ensuring that the buyer will not be held liable for any costs associated with the dispute. Additionally, the deed can help the buyer ensure that the seller is held responsible for any liens against the property.

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What is a special warranty deed and how does it affect a real estate dispute?

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