Does a special warranty deed offer the most protection?

A special warranty deed provides the buyer with some guarantees about title, but it does not offer complete protection. However, these types of deeds can be acceptable if other protections are put in place. You can find the right form to use by searching online for "special warranty deed" and your state's name.

What is the difference between a general warranty deed and a special warranty deed in NC?

A general warranty deed protects the grantee against any title defects or claims arising at any point in time. Whereas, a special warranty deed only protects the grantee against title defects arising from the actions or omissions of the grantor during its ownership.

What is a North Carolina General warranty deed?

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

How to fill out a North Carolina general warranty deed?

A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.

What are the disadvantages of a special warranty deed?

A special warranty deed guarantees that the buyer won't face any legal action or title issues as a result of the actions of the property's previous owner. A downfall is that this type of deed does not offer any guarantees that prior owners owned the property free and clear.

What is a special warranty deed in NC?

A North Carolina special warranty deed is used to convey property from a grantor (seller) to a grantee (buyer) with a limited guarantee that there are no liens or encumbrances on the title during the grantor's ownership. Although, the deed does not guarantee clean title from past owners.

Is a special warranty deed the same as a general warranty deed?

A special warranty deed also known as a limited warranty deed is a variation of the general warranty deed. While the word "special" may communicate to a buyer the idea that the deed is of higher quality, the special warranty deed is less comprehensive. It offers less protection due to the limited timeframe it covers.

Can I file a general warranty deed myself in North Carolina?

4. Can I prepare my own deed and have it recorded? North Carolina law allows you to prepare a Deed of Conveyance for any real property to which you have legal title. However, the conveyance of real property is a legal matter that should be given under and with the advise of legal counsel.

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Q: What are the disadvantages of a special warranty deed?

A special warranty deed guarantees that the buyer won&#039;t face any legal action or title issues as a result of the actions of the property&#039;s previous owner. A downfall is that this type of deed does not offer any guarantees that prior owners owned the property free and clear.

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