Real estate law is a field of law that involves the buying, use, and sale of lands. It concerns how individuals acquire properties and what they can do with the properties they own. The term “real estate” refers to immovable properties.
In real estate law, a deed is a document that grants someone a legal right to real property
A deed is the official document by which ownership rights to land are conveyed. Most states have laws that regulate the creation, execution, and recording of a deed. A deed must be carefully drafted, with a clear description of the property and the type of ownership being transferred. Sometimes, a deed is accompanied by a promise that the owner has a valid title. A deed with this type of guarantee is called a warranty deed.
Alternatively, an owner may simply want to relinquish any interest they have in the deed if they have any ownership interest. This type of deed is a quitclaim deed. The type of deed you receive is crucial to the type of acquisition you make when purchasing a property. A real estate attorney specializing in real estate law knows how to research title deeds and advise their client on the type of transaction they are considering.
If a buyer later discovers that the seller does not actually hold the title they sold, the result could be litigation and other claims for damages. If a buyer later discovers that the seller does not actually hold the title they sold, the result could be litigation and other claims for damages.