This form is a General Warranty Deed where the Grantors are four (4) individuals and the Grantee is an individual. Grantors convey and generally warrant the described property to the Grantee. This deed complies with all state statutory laws.
A Wake North Carolina General Warranty Deed is a legal document that transfers ownership of real property from four individuals to one individual, providing a guarantee of clear and marketable title to the property. This type of deed assures the buyer that the named granters legally own the property and have the authority to sell it. The General Warranty Deed serves as an essential legal instrument in real estate transactions in Wake County, North Carolina, and it offers strong protection to the buyer against any past or future claims on the property. It provides a comprehensive warranty, assuring the buyer that the property is free from any undisclosed encumbrances, liens, or title defects. Real estate transactions involving Wake North Carolina General Warranty Deeds from Four Individuals to One Individual can vary depending on specific circumstances, and there are a few different types to consider: 1. Wake North Carolina General Warranty Deed with Joint Tenancy: In this case, the four individuals own the property with rights of survivorship. If one of the four granters passes away, their share automatically transfers to the surviving owner(s) without going through probate. 2. Wake North Carolina General Warranty Deed as Tenants in Common: With this type of deed, the four individuals each own a specific percentage or share of the property, which can be divided unequally. If one granter were to pass away, their share would not automatically transfer to the other owners but would pass according to their will or through the intestate succession process. 3. Wake North Carolina General Warranty Deed with Right of Survivorship: Similar to a Joint Tenancy, this type of deed ensures that if one of the four granters were to pass away, their share would automatically transfer to the remaining owners without going through probate. However, unlike a Joint Tenancy, a Right of Survivorship can be created in situations where the owners are not married or related. It is crucial to consult with a professional real estate attorney or title company specializing in Wake County, North Carolina, to ensure the accuracy and compliance of any Wake North Carolina General Warranty Deed from Four Individuals to One Individual. They can guide and assist throughout the process to guarantee a smooth and legally binding property transfer.A Wake North Carolina General Warranty Deed is a legal document that transfers ownership of real property from four individuals to one individual, providing a guarantee of clear and marketable title to the property. This type of deed assures the buyer that the named granters legally own the property and have the authority to sell it. The General Warranty Deed serves as an essential legal instrument in real estate transactions in Wake County, North Carolina, and it offers strong protection to the buyer against any past or future claims on the property. It provides a comprehensive warranty, assuring the buyer that the property is free from any undisclosed encumbrances, liens, or title defects. Real estate transactions involving Wake North Carolina General Warranty Deeds from Four Individuals to One Individual can vary depending on specific circumstances, and there are a few different types to consider: 1. Wake North Carolina General Warranty Deed with Joint Tenancy: In this case, the four individuals own the property with rights of survivorship. If one of the four granters passes away, their share automatically transfers to the surviving owner(s) without going through probate. 2. Wake North Carolina General Warranty Deed as Tenants in Common: With this type of deed, the four individuals each own a specific percentage or share of the property, which can be divided unequally. If one granter were to pass away, their share would not automatically transfer to the other owners but would pass according to their will or through the intestate succession process. 3. Wake North Carolina General Warranty Deed with Right of Survivorship: Similar to a Joint Tenancy, this type of deed ensures that if one of the four granters were to pass away, their share would automatically transfer to the remaining owners without going through probate. However, unlike a Joint Tenancy, a Right of Survivorship can be created in situations where the owners are not married or related. It is crucial to consult with a professional real estate attorney or title company specializing in Wake County, North Carolina, to ensure the accuracy and compliance of any Wake North Carolina General Warranty Deed from Four Individuals to One Individual. They can guide and assist throughout the process to guarantee a smooth and legally binding property transfer.
