Wilmington North Carolina General Warranty Deed from two Individuals to Husband and Wife

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: Wilmington
• Control #: NC-03-78
• Format: Word; Rich Text

Description

This Warranty Deed from two Individuals to Husband and Wife form is a Warranty Deed where the Grantors are two individuals and the Grantees are Husband and Wife. Grantors convey and warrant the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. This form complies with all state statutory laws. A general warranty deed in Wilmington, North Carolina is a legal document that transfers ownership of real estate from two individuals to a husband and wife. This type of deed provides a comprehensive guarantee to the buyers (husband and wife) that the property is free from any encumbrances, liens, or title defects, regardless of when they occurred. The general warranty deed ensures that the sellers (two individuals) warrant and defend the title against any claims or disputes that may arise in the future. This means that if any issues regarding the property's title came up before the sale, the sellers are legally responsible for rectifying them. Wilmington, North Carolina offers several subtypes or variations of the general warranty deed that cater to specific situations. Some of these include: 1. Individual-to-Husband-and-Wife Warranty Deed: This is the standard general warranty deed that transfers ownership from two individuals to a husband and wife as joint owners. 2. Tenants by the Entirety Warranty Deed: This type of deed is specifically for married couples and provides them with special protections and rights. Tenants by the entirety means that both spouses own the property as a whole, and if one spouse passes away, their share automatically transfers to the surviving spouse. 3. Limited Warranty Deed: While not exclusive to Wilmington, North Carolina, this deed type is relevant to the area. It provides a limited warranty against title defects only during the time when the sellers owned the property. It does not guarantee protection against any claims or issues that may have arisen before the sellers acquired the property. 4. Life Estate Deed with a Remainder Interest: This deed allows two individuals, typically parents, to transfer the property to a husband and wife while retaining the right to live on the property until their death (life estate). After their passing, the property automatically transfers to the husband and wife (remainder interest). When considering a Wilmington North Carolina General Warranty Deed from two Individuals to Husband and Wife, it is crucial to consult with a qualified real estate attorney or agent to ensure that the appropriate deed type is selected, and the transfer of ownership is legally sound and properly executed.

A general warranty deed in Wilmington, North Carolina is a legal document that transfers ownership of real estate from two individuals to a husband and wife. This type of deed provides a comprehensive guarantee to the buyers (husband and wife) that the property is free from any encumbrances, liens, or title defects, regardless of when they occurred. The general warranty deed ensures that the sellers (two individuals) warrant and defend the title against any claims or disputes that may arise in the future. This means that if any issues regarding the property's title came up before the sale, the sellers are legally responsible for rectifying them. Wilmington, North Carolina offers several subtypes or variations of the general warranty deed that cater to specific situations. Some of these include: 1. Individual-to-Husband-and-Wife Warranty Deed: This is the standard general warranty deed that transfers ownership from two individuals to a husband and wife as joint owners. 2. Tenants by the Entirety Warranty Deed: This type of deed is specifically for married couples and provides them with special protections and rights. Tenants by the entirety means that both spouses own the property as a whole, and if one spouse passes away, their share automatically transfers to the surviving spouse. 3. Limited Warranty Deed: While not exclusive to Wilmington, North Carolina, this deed type is relevant to the area. It provides a limited warranty against title defects only during the time when the sellers owned the property. It does not guarantee protection against any claims or issues that may have arisen before the sellers acquired the property. 4. Life Estate Deed with a Remainder Interest: This deed allows two individuals, typically parents, to transfer the property to a husband and wife while retaining the right to live on the property until their death (life estate). After their passing, the property automatically transfers to the husband and wife (remainder interest). When considering a Wilmington North Carolina General Warranty Deed from two Individuals to Husband and Wife, it is crucial to consult with a qualified real estate attorney or agent to ensure that the appropriate deed type is selected, and the transfer of ownership is legally sound and properly executed.