A North Carolina Deed is a legal document used to transfer ownership or interest in real property located in the state of North Carolina. It is an essential instrument that establishes the transfer of ownership rights from one party to another. A detailed description of the types of North Carolina Deeds and their functions is as follows: 1. General Warranty Deed: This type of deed is widely used in real estate transactions and provides the most comprehensive protection for the buyer. The granter guarantees that he/she has the legal right to transfer the property, and the property is free from any encumbrances or claims, except those stated in the deed. The granter also promises to defend the title against any future claims. 2. Special Warranty Deed: Similar to a General Warranty Deed, the Special Warranty Deed offers protection to the buyer but only covers specific issues or claims that arise during the granter's ownership. It does not protect against claims that existed before the granter acquired the property. 3. Quitclaim Deed: A Quitclaim Deed transfers the granter's interest or claim to the property but does not provide any warranties or guarantees regarding the title. It is commonly used in non-sale situations, such as transferring property between family members, changing names on a title, or clearing clouds on the title. 4. Trustee's Deed: This deed is used when a property held in a trust is transferred. It conveys the property from the trustee to a beneficiary or purchaser. The Trustee's Deed is typically used in scenarios such as a living trust, where the trustee manages the property for the benefit of the trust's beneficiaries. 5. Special Purpose Deed: North Carolina recognizes various special purpose deeds that serve specific functions, such as the Deed of Gift (transferring property as a gift), Deed in Lieu of Foreclosure (transferring property to the lender to avoid foreclosure), and Correction Deed (correcting errors made in a previously recorded deed). These different types of North Carolina Deeds serve distinct purposes and provide varying degrees of protection and warranties to the parties involved in the real estate transaction. It is crucial for both buyers and sellers to understand the specific type of deed they are dealing with to ensure a smooth and legally binding transfer of property ownership.
North Carolina Deed
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How to fill out Deed?
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A North Carolina deed must be recorded?or registered?to include the deed within the official land records. An unrecorded deed is not binding on third parties, and a deed transferring property as a gift is void if not recorded within two years after signing.
Formatting Requirements for North Carolina Deeds Paper. A North Carolina deed must be printed on white paper measuring 8½ x 11 inches (standard letter size) or 8½ x 14 inches (legal size). Text. ... Margins. ... Title. ... Current Owner and New Owner Name and Address. ... Property Tax Address. ... Return Address. ... Granting Clause.
In North Carolina, there are three main types of deeds: (1) general warranty deed; (2) special warranty deed; and (3) quitclaim deed. Each of these main types of deeds are used for different purposes. The general warranty deed is the most common type of deed used in North Carolina.
I want to get a copy of the deed to my land. How can I do that? Go to your Register of Deeds Office and look at the document there. Find your Register of Deeds in: Your phone book under county government. ... Look it up online. Many counties have their real property (land) records online. Go to the county website.
How can I do that? Deeds are filed with the county Register of Deeds office. To look at a deed you can: Go to your Register of Deeds Office and look at the document there.
Attorney Involvement Drafting of legal documents, including deeds, mortgages, and other transaction documents must be prepared by a NC attorney. NCGS § 84-2.1. Non-attorneys may provide limited services in a real estate closing including witnessing of closing documents and receipt and disbursement of closing funds.
Records and indexes Real Property Records and maintains Vital Records. The Mecklenburg County Register of Deeds Office is responsible for recording, indexing, and storing all real estate and business-related documents that are presented for registration.
Essential Elements of a Valid Deed Use of the proper statutory form of deed. Competent parties: grantor and grantee. Words of grant or operative words of conveyance. Sufficient description of the property to be conveyed. Proper execution. Delivery and acceptance.