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North Carolina General Warranty Deed from Corporation to Husband and...

North Carolina Corporation

Name: North Carolina General Warranty Deed from Corporation to Husband and Wife
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.6 (231 reviews)

Category:

North Carolina Real Estate - Deeds - Warranty

State:

North Carolina

Control #:

NC-010-78

Format:

Instant download

Description

This Warranty Deed from Corporation to Husband and Wife form is a Warranty Deed where the Grantor is a corporation and the Grantees are husband and wife. Grantor 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 applicable state statutory laws.

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FAQ

After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.

The North Carolina general warranty deed is used to transfer property in North Carolina from one person to another legally.In other words, the seller is liable to the buyer if the buyer finds out there was an undisclosed claim against the property.

Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.

A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of a property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.

The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.

It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating

The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.

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.

North Carolina Corporation

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FAQ

What happens to the original warranty deed after it has been recorded?

What is a general warranty deed in NC?

Who keeps original warranty deed?

What is the purpose of a general warranty deed?

Who keeps the original deed?

Does a warranty deed prove ownership?

Who prepares a warranty deed?

What are the requirements of a general warranty deed?

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North Carolina Corporation

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