Real estate transactions are exceptionally complex, down to the deeds required to finalize the deal. Because there are so many types of deeds, if you attempt to handle this yourself, it is possible that you will choose one that does not protect your interests. Additionally, you could make a critical mistake that prevents the deed from holding up in court.
Because real estate is such a big investment, it is important to have a legal team by your side during the transaction. PJI Law’s Northern Virginia deed preparation attorneys have years of experience in real estate matters. We can discuss your goals with you and recommend a type of deed for your situation. After agreeing on the deed, we will prepare it and ensure it is recorded in land records on your behalf. Contact our firm today to discuss deed preparation and other real estate matters.
Virginia recognizes numerous categories of deeds. Our deed preparation attorneys can assist with the following, among others:
Contact PJI Law today to discuss the type of deed you require. Then, our firm can get to work preparing it for you.
Most real estate transactions use general warranty deeds. Because these deeds contain warranties to protect the buyer, financing companies often require them to protect their investments as well.
In order to enter into a general warranty deed, the seller must guarantee that he or she is the rightful owner of the property. Also, the seller must have the legal rights to transfer the property to the buyer. The seller also has to state that the property does not have any outstanding claims or liens and that the title will stand up to any outside claims of ownership.
If any of these claims turn out to be false, the buyer has the legal right to sue the seller. This is true even if a previous owner caused the issue with the title.
Are you unsure if a general warranty deed is right for your situation? Contact our firm to discuss your upcoming real estate transaction. Then, we can advise you on the appropriate deed for your situation.
Commercial real estate transactions often include special warranty deeds. While a general warranty deed protects the buyer in all instances, special warranty deeds are essentially limited warranties. The seller must demonstrate that he or she has not caused any issues with the title. However, the seller does not have to guarantee that previous owners did not do anything to impact the title.
If you use a special warranty deed to purchase a property, you can sue the seller if he or she caused title issues. However, you will not have legal recourse against the seller if a previous owner created the title defect.
Contact our Northern Virginia deed preparation attorneys to discuss special warranty deeds and other options. Our firm will help you determine which is right for your situation.
No cost, no obligation. We respond the same business day.
The hardest part is starting. One conversation with a PJI Law attorney — at no cost and no obligation — is often all it takes to turn something you've been putting off into something you've handled.
“We'll walk you through your options and give you a clear path forward — even if you decide not to hire us.”
PJI Law, PLC Protecting Virginia individuals, families, and businesses with personalized, attentive, and dedicated service.