FAQ Real Estate Sale Subject to Lease Hampton Roads VA Real Estate

Posted on October 19, 2008 by mrwilliamsburg

Whose House is it Anyway? Sales are subject to existing leases. And in fact, sales can be subject to oral leases. That is why a seller signs an affidavit at settlement saying there are no such leases and that no one else is in possession of the property at closing. It is also why the [...]

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Real Estate FAQ Hampton Roads, Virginia

Posted on October 19, 2008 by mrwilliamsburg

Brian, what is the difference between special and general warranty, and should my buyers be worried? A general warranty seller warrants (promises or guarantees) that he holds clear title to the property and has a right to sell it. This warranty covers (all) problems created back in the chain of title. A special warranty seller, [...]

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