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North Carolina Quitclaim Deed from Individual to Two Individuals in...

North Carolina Quitclaim Deed

Name: North Carolina Quitclaim Deed from Individual to Two Individuals in Joint Tenancy
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.85 (438 reviews)

Category:

North Carolina Real Estate - Deeds - Quitclaims

State:

North Carolina

Control #:

NC-02A-77

Format:

Instant download

Description Nc Individual Tenancy

This Quitclaim Deed from Individual to Two Individuals in Joint Tenancy form is a Quitclaim Deed where the Grantor is an individual 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 form complies with all state statutory laws.

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FAQ

If the quitclaim deed requires the signature of all co-owners, the deed is invalid unless all co-owners have signed it and the deed is then delivered to the grantee.If one individual owns real estate and desires to add a co-owner such as a spouse, a quitclaim deed might be used.

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.

If you sign a quitclaim deed to release yourself from ownership of the property or a claim to the title, then that doesn't mean you are no longer held accountable for the mortgage payment.Otherwise, you may be held responsible for unpaid payments despite no longer having a claim to the 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.

It is also crucial that a spouse know about the loan, even if he or she is not on the mortgage. In general, the spouse must sign a deed of trust, the Truth in Lending and Right to Cancel documents. By signing these documents, they are simply acknowledging the existence of the mortgage.

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.

In states like California and Florida, the spouses may use a quitclaim deed to transfer the property without warranting title. Other stateslike Texasrecognize a similar type of deed called a deed without warranty.

In order to transfer ownership of the marital home pursuant to a divorce, one spouse is going to need to sign a quitclaim deed, interspousal transfer deed, or a grant deed, in order to convey the title to the property.

North Carolina Quitclaim Deed

Description Nc Individual Tenancy

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FAQ

What makes a quit claim deed invalid?

Does a quit claim deed mean you own the property?

What happens when you sign a quitclaim deed?

Does a quitclaim deed give you ownership?

Why does spouse have to sign deed?

How do I do a quit claim deed in NC?

Can a spouse sign over a house?

Does spouse have to sign quit claim deed?

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North Carolina Quitclaim Deed

Description Nc Individual Tenancy

North Carolina Tenancy Related Forms

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How to fill out North Carolina Quitclaim Deed From Individual To Two Individuals In Joint Tenancy?

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