Recently, in preparing for an upcoming closing, the closing attorney and the builder had an email discussion regarding the use of a General Warranty Deed versus a Special Warranty Deed. The deed is the document that legally transfers the property from the Seller, to the Buyer – how it’s worded is of importance, because it shows how the property is conveying, and what the ownership structure is. Now, I pride myself on knowing a little something about New River Valley real estate, but I have to admit that I was wrong – I thought we should be using a General Warranty Deed, when in fact per the Contract we were supposed to be using a Special Warranty Deed. Turns out, either was appropriate, but both are very different. Read More