Warranty Deed Remove Required Fields For Free

A traditional deed simply transfers the ownership of a property from one party to another (in other words, the seller to the buyer.) Whoever legally holds the deed is the rightful owner of the property. A warranty deed, on the other hand, contains special assurances that the seller makes to the buyer.

There are three types of deeds in North Carolina and each offer different types of protection. The three deeds are: (1) general warranty deed, (2) special warranty deed, and (3) quitclaim deed.

This special warranty deed is different than the general warranty deed in a major way. Here, the seller is only stating that they will protect the buyer from any title defects or claims arising during the seller's ownership, not from any point in time before the seller had ownership.

Updated . A North Carolina general warranty deed is used to legally transfer property in North Carolina from one person to another. A warranty deed comes with a guarantee from the seller that the property has clear title.

A general warranty deed is a legal agreement that protects a property buyer from any debts held against the property they're purchasing. If such a debt emerges after the sale, the seller, not the buyer, is financially responsible for that debt.

The general requirements include proper formatting and the essential information about the transfer?such as the names of the grantor (seller) and grantee (buyer), a legal description of the property being transferred, and a granting clause stating that the current owner is transferring title to the new owner.

How to Write (1) Authorized New Mexico Filing Recipient. ... (2) New Mexico Grantor Name. ... (3) New Mexico Grantee Name. ... (4) New Mexico County Of Real Property. ... (5) Legal Description Of New Mexico Property. ... (6) Relevant Years. ... (7) Date Of New Mexico Conveyance. ... (8) New Mexico Grantor Signature.

A general warranty deed is a deed used to legally transfer real property from one person to another. This type of deed offers the most protection for the buyer.

Special warranty deeds split the risk of unknown title problems between the current owner and new owner. They are commonly used for sales of commercial real estate and land not intended as the buyer's residence. Trustees and other fiduciaries sometimes use New Mexico special warranty deeds, also.

As one of the most secure types of deeds, general warranty deeds are used in most real estate title transfers. General warranty deeds provide guarantees that the grantor has the right to sell the property and that the grantee will be receiving a title that is free of debt, claims, or other legal encumbrances.