Why would someone do a quit claim deed?

Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.

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North Carolina Quitclaim Deed From Two Individuals to One Individual

Quitclaim Deed Form

Name: North Carolina Quitclaim Deed From Two Individuals to One Individual
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.88 (238 reviews)

Category:

North Carolina Real Estate - Deeds - Quitclaims

State:

North Carolina

Control #:

NC-026-77

Format:

Instant download

Description Notary North Carolina

This form is a Quitclaim Deed where the grantors are Two Individuals and the grantee is an individual. Grantors convey and quitclaim the described property to grantee. This deed complies with all state statutory laws.

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Deed Two Individuals Other Form Names

North Carolina Quitclaim Quitclaim Parcel Exceptions

FAQ

Yes, you can use a Quitclaim Deed to transfer a gift of property to someone. You must still include consideration when filing your Quitclaim Deed with the County Recorder's Office to show that title has been transferred, so you would use $10.00 as the consideration for the property.

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.

Discuss property ownership interests. Access a copy of your title deed. Complete, review and sign the quitclaim or warranty form. Submit the quitclaim or warranty form. Request a certified copy of your quitclaim or warranty deed.

Once you sign a quitclaim deed and it has been filed and recorded with the County Clerks Office, the title has been officially transferred and cannot be easily reversed. In order to reverse this type of transfer, it would require your spouse to cooperate and assist in adding your name back to the title.

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.

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.

Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.

Quitclaim Deed Form

Description Notary North Carolina

North Carolina Deed Related forms

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

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Deed Two Individuals Other Form Names

FAQ

Can I quit claim my property to anyone?

What are the disadvantages of a quit claim deed?

How do you get someone's name off a deed?

What happens if I sign a quit claim deed?

Does a quit claim deed mean you own the property?

Does a quitclaim deed give you ownership?

Why would someone do a quit claim deed?

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