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A general warranty deed is used to transfer an interest in real estate in North Carolina in most real estate transactions. A North Carolina warranty deed conveys real property with warranty covenants to the buyer. It requires an acknowledgement of the grantor's signature.

A general warranty deed is a type of deed where the grantor or the seller guarantees that s/he holds clear title to a piece of real estate and has a right to sell it. The guarantee is not limited to the time the grantor owned the property. ... A real estate buyer is best protected by a general warranty deed.

While the seller in a Warranty Deed must defend the title against all other claims and compensate the buyer for any unsettled debts or damages, the seller in a Special Warranty Deed is only responsible for debts and problems accrued or caused during his ownership of the property.

A special warranty deed is a deed to real estate where the seller of the property known as the grantor warrants only against anything that occurred during their physical ownership. In other words, the grantor doesn't guarantee against any defects in clear title that existed before they took possession of the property.

Understanding General Warranty Deeds 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)

In these circumstances, the standard consideration is $10.00. Should I use a special or a general Warranty Deed? A general Warranty Deed gives basic warranties from the grantor to the grantee. The grantor warrants the title to be free and clear of any encumbrances (except any listed in the Warranty Deed).

While the seller in a Warranty Deed must defend the title against all other claims and compensate the buyer for any unsettled debts or damages, the seller in a Special Warranty Deed is only responsible for debts and problems accrued or caused during his ownership of the property.

Real Estate The difference between a Warranty Deed and Special Warranty Deed is the extent of the coverage of the warranty. Both types of Warranty Deeds (Special and General) guarantee the buyer: That the seller owns the title. That the seller is legally allowed to sell the property.

A general warranty deed is a type of deed where the grantor or the seller guarantees that s/he holds clear title to a piece of real estate and has a right to sell it. The guarantee is not limited to the time the grantor owned the property. It extends back to the property's origins.

A warranty deed transfers property from the current property owner (grantor) to one or more new owners (grantees). By signing the warranty deed, the grantor guarantees the grantee against all title issues, regardless of when they arose. This guarantee is not limited to the time when the grantor owned the property.

A special warranty deed provides assurance that the property's seller owns the property in question and has not faced any title issues during this ownership. 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.

The North Carolina special warranty deed is used to convey property in North Carolina from a grantor to a grantee. This is a form of warranty deed, but is different from a general warranty because the guarantee is limited in its scope. ... He does not guarantee what previous owners may or may not have done.

A special warranty deed is a deed to real estate where the seller of the property known as the grantor warrants only against anything that occurred during their physical ownership. In other words, the grantor doesn't guarantee against any defects in clear title that existed before they took possession of the property.

A general warranty deed is used to transfer an interest in real estate in North Carolina in most real estate transactions. A North Carolina warranty deed conveys real property with warranty covenants to the buyer. It requires an acknowledgement of the grantor's signature.

A quitclaim deed only transfers the grantor's interests in a piece of real estate. ... Only whatever part of the land the grantor owns, if any, will transfer to the grantee. A warranty deed contains a guarantee that the grantor has legal title and rights to the real estate.