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

A statutory warranty deed is a type of deed used in the state of Virginia to transfer a title to real estate property from the current owner (grantor) to the new owner (grantee). This deed includes a warranty which promises that the grantor will protect the grantee from any claims or liabilities that may arise after the transfer of the property. The statutory warranty deed that is given by the grantor holds them accountable for any issues related to the property that may arise after the sale. This includes any issues with the title or outstanding liens that were not disclosed prior to the sale. If any of these issues occur, the grantee has the right to pursue legal action against the grantor for breach of contract or other violations. In the case of a real estate dispute, the statutory warranty deed can be used to determine who is responsible for any issues with the property. The warranty deed holds the grantor accountable for any undisclosed issues that would have been revealed if the grantee had conducted a thorough title search prior to the sale. The grantee also has the right to file a civil lawsuit against the grantor if any of these issues were not disclosed prior to the sale. Overall, the statutory warranty deed is an important legal document that is used to protect the rights of both the grantor and the grantee. By holding the grantor accountable for any undisclosed issues that may arise after the sale of the property, the statutory warranty deed can help to prevent, mitigate, and resolve real estate disputes.

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

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