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North Carolina Quitclaim Deed from Corporation to Two Individuals

Nc Quitclaim Deed

Name: North Carolina Quitclaim Deed from Corporation to Two Individuals
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.84 (420 reviews)

Category:

North Carolina Real Estate - Deeds - Quitclaims

State:

North Carolina

Control #:

NC-014-77

Format:

Instant download

Description Nc Quitclaim Two

This Quitclaim Deed from Corporation to Two Individuals form is a Quitclaim Deed where the Grantor is a corporation and the Grantees are two individuals. Grantor conveys and quitclaims 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 state statutory laws.

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Quitclaim Deed North Carolina Quitclaim Deed Two

FAQ

A quitclaim deed is a deed (proof of ownership) that is passed from a grantor (the existing property owner) to a grantee (the new property owner) that does not have a warranty.A quitclaim deed has no guarantees for the grantor or grantee.

A quitclaim deed is quick and easy because it transfers all of one person's interest in the property to another.The deed transfers all claims the seller has to the property, if any. If the seller has no interest in the real estate, no interest is transferred.

But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.A quitclaim deed, for example, is far simpler than a warranty deed.

Laws § 47B-8. Recording This form must be submitted, after completion and signature, to the Register of Deeds in the county where the real estate is located. Signing (A§ 47-38) All quit claim deeds are required to be signed with the Grantor(s) being witnessed by a Notary Public.

A quitclaim deed transfers title but makes no promises at all about the owner's title.A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.

A quitclaim deed is dangerous if you don't know anything about the person giving you the property. You should be sure that a person actually has rights to a property before signing it over with a quitclaim deed.

The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.

A quitclaim deed affects ownership and the name on the deed, not the mortgage. Because quitclaim deeds expose the grantee to certain risks, they are most often used between family members and where there is no exchange of money.Quitclaim deeds transfer title but do not affect mortgages.

Nc Quitclaim Deed

Description Nc Quitclaim Two

North Carolina Deed Related forms

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North Carolina Quit Claim Deed Form Rating

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Quitclaim Deed Nc Other Form Names

FAQ

Is a quit claim deed proof of ownership?

Are there any benefits to using a quitclaim deed?

Can I prepare my own quit claim deed?

How do I do a quit claim deed in NC?

Does a quitclaim deed give you ownership?

Is a quit claim deed bad?

What are the disadvantages of a quit claim deed?

Does a quit claim deed mean you own the property?

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Nc Quitclaim Deed

Description Nc Quitclaim Two

North Carolina Deed Related forms

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How to fill out North Carolina Quitclaim Deed From Corporation To Two Individuals?

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