Deed Preparation Attorneys
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.
Types of Deeds
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.
General Warranty Deeds
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.
Special Warranty Deeds
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.
Why Choose PJI Law, PLC?
Real Clients, Real Testimonials
As a real estate and estate planning law firm, we can also prepare transfer-on-death deeds for our clients. We will prepare the deed now, but you will retain the property until you pass away. Then, it will pass on to the beneficiary without the need to go through probate. If you want to get your real estate and estate planning matters in order now, contact us to discuss transfer-on-death deeds. We can also go over other real estate and estate planning options to help you prepare for the future.
Title Vs. Deed
People often use the terms “title” and “deed” interchangeably, but they are two different things. A title is not actually a physical document. Instead, it is a legal concept that states you own a piece of property. On the other hand, a deed is a physical document that conveys your ownership rights. Both the seller and the buyer must sign the deed to complete the property transfer. Our firm can assist throughout the real estate transaction, including preparing the deed and title transfer. Contact us today to learn more about how we can help your transaction go smoothly.
Awards and Recognition
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By contacting PJI Law, PLC by any means, you agree that you are not forming an attorney-client relationship. You agree that any information you provide may not remain confidential nor be protected by the attorney-client privilege. Before we can represent you, we have to ensure that there are no conflicts of interest; therefore, do not share any confidential information, and/or information that could harm you if revealed to another party in your matter, until you have entered into a written agreement with us. An attorney-client relationship cannot be formed without a written agreement signed by PJI Law, PLC.