Wilmington North Carolina General Warranty Deed from Corporation to Two Individuals

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: Wilmington
• Control #: NC-014-78
• Format: Word; Rich Text

Description

This Warranty Deed from Corporation to Two Individuals form is a Warranty Deed where the Grantor is a corporation and the Grantees are two individuals. Grantors conveys and warrants the described property to Grantees 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. A Wilmington North Carolina General Warranty Deed from Corporation to Two Individuals is a legal document that transfers ownership of real estate property located in Wilmington, North Carolina, from a corporation to two individual owners. This type of deed provides a guarantee to the buyers, ensuring that the property is free from any undisclosed liens, encumbrances, or legal issues that may affect their ownership rights. The General Warranty Deed offers the highest level of protection for the buyers, as it guarantees the property's title against any claims that arose both before and during the corporation's ownership. It assures the buyers that the corporation has full legal authority to sell the property and that they will hold clear and marketable title upon completion of the transaction. In Wilmington, North Carolina, there are various types of General Warranty Deeds from Corporation to Two Individuals, such as: 1. Standard General Warranty Deed: This document is the most common type used in real estate transactions, providing comprehensive protection for the buyers by guaranteeing the title against any potential defects. 2. Special Warranty Deed: In this type of deed, the corporation only warrants and defends the property against any claims that arose during its ownership. It does not provide protection against defects that may have existed prior to the corporation's ownership. 3. Quitclaim Deed: Although not commonly used for transactions involving a corporation, a Quitclaim Deed releases any ownership interest the corporation may have in the property. However, it does not provide any guarantee or warranty regarding the property's title. To execute a Wilmington North Carolina General Warranty Deed from Corporation to Two Individuals, the document should accurately describe the property, clearly state the consideration (sale price), identify the corporation and the individual buyers, and be signed by the corporation's authorized representative. It is crucial to review the deed carefully and consult with a qualified attorney before proceeding with the transfer to ensure a smooth and legally compliant transaction.

A Wilmington North Carolina General Warranty Deed from Corporation to Two Individuals is a legal document that transfers ownership of real estate property located in Wilmington, North Carolina, from a corporation to two individual owners. This type of deed provides a guarantee to the buyers, ensuring that the property is free from any undisclosed liens, encumbrances, or legal issues that may affect their ownership rights. The General Warranty Deed offers the highest level of protection for the buyers, as it guarantees the property's title against any claims that arose both before and during the corporation's ownership. It assures the buyers that the corporation has full legal authority to sell the property and that they will hold clear and marketable title upon completion of the transaction. In Wilmington, North Carolina, there are various types of General Warranty Deeds from Corporation to Two Individuals, such as: 1. Standard General Warranty Deed: This document is the most common type used in real estate transactions, providing comprehensive protection for the buyers by guaranteeing the title against any potential defects. 2. Special Warranty Deed: In this type of deed, the corporation only warrants and defends the property against any claims that arose during its ownership. It does not provide protection against defects that may have existed prior to the corporation's ownership. 3. Quitclaim Deed: Although not commonly used for transactions involving a corporation, a Quitclaim Deed releases any ownership interest the corporation may have in the property. However, it does not provide any guarantee or warranty regarding the property's title. To execute a Wilmington North Carolina General Warranty Deed from Corporation to Two Individuals, the document should accurately describe the property, clearly state the consideration (sale price), identify the corporation and the individual buyers, and be signed by the corporation's authorized representative. It is crucial to review the deed carefully and consult with a qualified attorney before proceeding with the transfer to ensure a smooth and legally compliant transaction.