A Raleigh North Carolina General Warranty Deed from Corporation to Individual is a legally binding document that transfers ownership of real estate property from a corporation to an individual with a guarantee that the property has no encumbrances or legal issues. This type of deed provides extensive protection to the buyer by ensuring that the corporation holds full and clear title to the property and warrants that it will defend against any claims made by third parties. It is commonly used in real estate transactions in Raleigh, North Carolina, and serves as evidence of the transfer of ownership. The General Warranty Deed from Corporation to Individual in Raleigh, North Carolina, can be further categorized into specific types: 1. Raleigh North Carolina Special Warranty Deed from Corporation to Individual: Similar to the general warranty deed, this type of deed guarantees that the corporation only warrants against any issues that occurred during their ownership. It does not cover any defects or claims arising from previous owners. 2. Raleigh North Carolina Quitclaim Deed from Corporation to Individual: Unlike the general warranty deed, this type of deed provides no guarantees or warranties regarding the property's title. It merely transfers the corporation's interest to the individual, making no claims about the validity or condition of the title. When drafting or reviewing a Raleigh North Carolina General Warranty Deed from Corporation to Individual, it is essential to include relevant keywords such as: — Raleigh, North Carolina reaestateat— - General Warranty Deed — Corporation to Individuatransferfe— - Property ownership transfer — Tiprotectionctio— - Encumbrances - Legal issues — Cltitletitl— - Defend against claims - Special Warranty Deed — Quitclaim Dee— - Real estate transaction By including these keywords within the content of the description, readers will gain a better understanding of the purpose and significance of a Raleigh North Carolina General Warranty Deed from Corporation to Individual, as well as the different types associated with it.
Raleigh North Carolina General Warranty Deed from Corporation to Individual
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FAQ
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.
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.
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.
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.
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.
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
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.
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.
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 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.