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North Carolina General Warranty Deed from Corporation to Individual

Warranty Individual Form Download

Name: North Carolina General Warranty Deed from Corporation to Individual
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.63 (362 reviews)

Category:

North Carolina Real Estate - Deeds - Warranty

State:

North Carolina

Control #:

NC-011-78

Format:

Instant download

Description Warranty Individual Form Fillable

This Warranty Deed from Corporation to Individual form is a Warranty Deed where the Grantor is a corporation and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.

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Warranty Individual Form Document Other Form Names

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Warranty Individual Form Fill FAQ

A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.

Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.

The North Carolina general warranty deed is used to transfer property in North Carolina from one person to another legally. A warranty deed comes with a guarantee from the seller that the property has clear title.

After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.

A general warranty deed covers the property's entire history. It guarantees the property is free-and-clear from defects or encumbrances, no matter when they happened or under whose ownership.With a special warranty deed, the guarantee covers only the period when the seller held title to the property.

To transfer ownership of land in North Carolina, the owner must execute and file a new deed with the register of deeds for the North Carolina county where the property is located.

The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.

It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating

The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.

Warranty Individual Form Download

Description Warranty Individual Form Fillable

Warranty Deed Form Download Related Forms

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How to fill out North Carolina Warranty Deed Form?

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North Carolina General Contract Form Rating

North Carolina Warranty Deed Pdf Form popularity

Warranty Individual Form Document Other Form Names

Warranty Individual Form Fill FAQ

Does a warranty deed mean you own the property?

Who keeps original warranty deed?

What is a general warranty deed in North Carolina?

What happens to the original warranty deed after it has been recorded?

What is the difference between warranty deed and general warranty deed?

How do you transfer a deed in NC?

Who keeps the original deed?

Does a warranty deed prove ownership?

Who prepares a warranty deed?

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Warranty Individual Form Download

Description Warranty Individual Form Fillable

Warranty Deed Form Download Related Forms

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Nc General Warranty Deed Template Trusted and secure by over 3 million people of the world’s leading companies