A Greensboro North Carolina General Warranty Deed from Corporation to Individual is a legally binding document that transfers ownership of real property from a corporation to an individual, ensuring the buyer receives clear and unencumbered title. This type of deed provides the highest level of protection to the buyer, as the corporation guarantees the property's title and defends against any claims or defects that may arise. Keywords: Greensboro North Carolina, General Warranty Deed, Corporation, Individual, ownership, real property, clear title, unencumbered, the highest level of protection, guarantees, claims, defects. There are different types of Greensboro North Carolina General Warranty Deeds from Corporation to Individual, including: 1. Greensboro North Carolina Special Warranty Deed from Corporation to Individual: This type of deed provides a limited warranty, where the corporation only guarantees against claims or defects that occurred while they owned the property, rather than throughout its history. 2. Greensboro North Carolina Quitclaim Deed from Corporation to Individual: Unlike a General Warranty Deed, a Quitclaim Deed offers no warranty or guarantee of title. By using this deed, the corporation transfers its interest in the property to the individual without any claims or assurance of ownership. 3. Greensboro North Carolina Bargain and Sale Deed from Corporation to Individual: This deed transfers the corporation's ownership interest in the property to the individual, but it does not provide any warranties or guarantees. The corporation only conveys its interest in the property as-is, without liability for any defects or claims. In conclusion, a Greensboro North Carolina General Warranty Deed from Corporation to Individual is a vital legal document that ensures a buyer receives clear title to real property. It offers the highest level of protection against claims or defects, guaranteeing the corporation's responsibility to defend the title. However, it is essential to understand the different types of deeds available, such as the Special Warranty Deed, Quitclaim Deed, and Bargain and Sale Deed, to make informed decisions regarding the property transfer.
Sample Warranty Deed
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How to fill out Greensboro North Carolina General Warranty Deed From Corporation To Individual?
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FAQ
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.
Signing (N.C.G.S.A. § 47-38) ? All quit claim deeds are required to be signed with the Grantor(s) being witnessed by a Notary Public.
Average Title transfer service fee is ?20,000 for properties within Metro Manila and ?30,000 for properties outside of Metro Manila.
Non-Warranty Deeds In a Non-Warranty or Quitclaim Deed, the seller merely is giving the buyer whatever rights, if any, that the seller has in the property and the seller makes no warranties of any nature about the seller's rights in the property.
North Carolina's transfer tax rates are straightforward ? expect to pay $1 for every $500 of the sale price. For the state's average home value of $320,291, the transfer tax would amount to $640.58.
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.
What Are the Steps to Transfer a Deed Yourself? Retrieve your original deed.Get the appropriate deed form.Draft the deed.Sign the deed before a notary.Record the deed with the county recorder.Obtain the new original deed.
A quitclaim deed is likely the fastest, easiest, and most convenient way to transfer your ownership interest in a property or asset to a family member. Unlike other kinds of deeds, such as general and special warranty deeds, quitclaim deeds make no warranties or promises about what is being transferred.
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.