A Greensboro North Carolina General Warranty Deed from Corporation to Husband and Wife is a legal document that transfers ownership of a property from a corporation to a husband and wife with a guarantee that the corporation possesses clear and marketable title to the property. It provides the highest level of protection for the buyers, assuring that the corporation will defend against any claims or liens on the property. There are a few different types of General Warranty Deeds that can be used in Greensboro, North Carolina. These include: 1. Greensboro North Carolina General Warranty Deed with Full Covenants: This type of deed provides the most comprehensive form of warranty, guaranteeing the property's title against all claims, even those arising before the corporation acquired the property. 2. Greensboro North Carolina General Warranty Deed with Limited Covenants: This type of deed limits the corporation's guarantee to claim arising only during the time it owned the property, excluding any claims that may have existed before its ownership. 3. Greensboro North Carolina General Warranty Deed with Special Warranty: This type of deed restricts the corporation's warranty to claims arising only during its ownership, excluding any claims that may arise from previous owners. 4. Greensboro North Carolina General Warranty Deed with Quitclaim Covenants: This type of deed provides the least amount of protection to the buyers, as it only guarantees that the corporation will convey any interest it has in the property, without guaranteeing the absence of other claims or liens. When executing a Greensboro North Carolina General Warranty Deed from a corporation to a husband and wife, it is crucial to ensure that all relevant parties involved, including the corporation, husband, and wife, are properly identified, and all necessary legal requirements are met. It is highly recommended seeking the guidance of a qualified attorney or real estate professional experienced in North Carolina real estate laws to draft and review the deed to ensure its accuracy and compliance with state regulations. In conclusion, a Greensboro North Carolina General Warranty Deed from Corporation to Husband and Wife is a legally binding document that conveys ownership of a property from a corporation to a married couple, offering the highest level of protection against any potential claims or liens on the property. The specific type of warranty deed used may vary, with options such as full covenants, limited covenants, special warranty, or quitclaim covenants, each providing different levels of protection. It is crucial to consult with professionals to ensure the proper execution and legal compliance of the deed.
Greensboro North Carolina General Warranty Deed from Corporation to Husband and Wife
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FAQ
Both spouses owning property ? Both parties must sign documents in purchase, sale, or refinance transactions. A married person buying property individually ? The owner needs to sign, but their spouse may not be required to sign documents at closing.
Can I prepare my own deed and have it recorded? North Carolina law allows you to prepare a Deed of Conveyance for any real property to which you have legal title. However, the conveyance of real property is a legal matter that should be given under and with the advise of legal counsel.
If the wife's name is not on the deed, it doesn't matter. It's still marital property because it was bought during the marriage. This makes it marital property and is still split between both parties. The wife is entitled to receive either equal share or equitable share of the house.
(b) A married person may bargain, sell, lease, mortgage, transfer and convey any of his or her separate real estate without joinder or other waiver by his or her spouse if such spouse is incompetent and a guardian or trustee has been appointed as provided by the laws of North Carolina, and if the appropriate instrument
A deed, of course, is a legal document representing property ownership. 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.
Recording and Document Fees Document TypeFee DetailsDeeds of Trust and Mortgages$64 first 35 pages $4 each additional pageAmendment to Deed of Trust$26 first 15 pages $4 each additional pageAll other Documents / Instruments / Assumed Name (DBA)$26 first 15 pages $4 each additional page3 more rows
To be validly registered pursuant to G.S. 47-20, a deed of trust or mortgage of real property must be registered in the county where the land lies, or if the land is located in more than one county, then the deed of trust or mortgage must be registered in each county where any portion of the land lies in order to be
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
A General Warranty Deed is a deed in which the party conveying the property (the ?Grantor?) warrants and guarantees to the party receiving the conveyance (the ?Grantee?) that the title to the property he is conveying is good and unencumbered as against all persons.