The seller can then factor these items, if any, into the selling price or negotiate removal of the liens and charges. As a result of this general warranty in the typical real estate transaction, the seller can benefit from a title examination which will disclose all outstanding liens and charges against the property. And the seller promises to pay all costs, including the purchaser’s attorney fees, incurred by the purchaser to eliminate the liens or charges. Even if not spelled out in the deed, the general warranty includes a promise by the seller that there are no outstanding liens, or charges of any kind, against the property (unless specifically spelled out in the deed). Whether a consumer is purchasing a vehicle from a used car lot or any product online, it is prudent to keep in mind the old axiom “buyer beware.” But in the everyday sale of real estate, it is just as prudent to be guided by the maxim “seller beware.” Most real estate transactions are accomplished by means of a general warranty deed.
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