A Wilmington North Carolina Quitclaim Deed from Corporation to Two Individuals is a legally binding document that transfers ownership of a property from a corporation to two individuals. This type of deed is commonly used when a corporation wants to transfer the title of a property to specific individuals without guaranteeing the quality or extent of the corporation's interest in the property. In the context of Wilmington, North Carolina, there are a few specific types of Quitclaim Deeds from a Corporation to Two Individuals that exist. These include: 1. Residential Quitclaim Deed: This type of quitclaim deed is used when a corporation wishes to transfer ownership of a residential property, such as a house or a condo, to two individual buyers. It outlines the names of the transferring corporation, the individuals receiving the property, and the legal description of the property being transferred. 2. Commercial Quitclaim Deed: This type of deed is utilized when a corporation wants to transfer ownership of a commercial property, such as an office building or retail space, to two individuals. It includes details about the corporation transferring the property, the individuals acquiring the property, and a comprehensive description of the commercial premises. 3. Vacant Land Quitclaim Deed: When a corporation wants to transfer ownership of vacant land to two individuals, this type of quitclaim deed is used. It outlines specifics about the corporation, the recipients of the land, and the precise legal description of the vacant lot being transferred. The Wilmington North Carolina Quitclaim Deed from Corporation to Two Individuals ensures that the transfer of property is officially documented and legally recognized. It is vital that all relevant parties thoroughly review the deed and understand its contents before signing, as it effectively transfers any interest or rights the corporation had in the property to the two individuals, without any guarantees or warranties. The recording of a Wilmington North Carolina Quitclaim Deed from Corporation to Two Individuals at the county Register of Deeds is a crucial step to formally establish the transfer of ownership. This record becomes part of the public record, providing legal proof of the property's change in ownership. Note: It is essential to consult with a qualified attorney or real estate professional to ensure compliance with local laws and regulations when drafting or executing any legal document, including a Wilmington North Carolina Quitclaim Deed from Corporation to Two Individuals.