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

A statutory warranty deed is a type of deed that is commonly used in South Carolina when transferring ownership in real estate from one party to another. This deed provides assurances that the title of the property, or legal ownership rights, are free from any liens or encumbrances. This type of deed also provides a warranty of title, meaning that the grantor of the deed warrants that he or she is the rightful owner of the property and that there are no other valid claims against the property. When a statutory warranty deed is used during the transfer of ownership, it adds an extra layer of protection for both parties involved in the real estate transaction. The grantor of the deed must ensure that the property is free from any liens or encumbrances, which can help protect the grantee from any potential issues with the title of the property. In addition, this type of deed also provides the grantee with the legal right to take legal action against the grantor if the title of the property is not as warranted. In the case of a real estate dispute, this type of deed provides both parties with a form of protection as it guarantees that the title of the property is unencumbered. If the grantor was found to have provided false information or omitted important details concerning the title of the property, then the grantee has the legal right to seek recourse against the grantor. By using a statutory warranty deed when transferring ownership in real estate, parties can ensure that they are both adequately protected during a real estate dispute.

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

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