Wilmington North Carolina General Warranty Deed from Individual to Individual

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: Wilmington
• Control #: NC-02-78
• Format: Word; Rich Text

Description

This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws. A Wilmington, North Carolina General Warranty Deed from Individual to Individual is a legal document used in real estate transactions to transfer ownership of a property from one individual (granter) to another individual (grantee). This type of deed provides the highest level of protection for the grantee, as the granter guarantees that they have clear and marketable title to the property and that they will defend the grantee against any claims or encumbrances arising from previous ownership. The Wilmington, North Carolina General Warranty Deed contains several key elements, including: 1. Parties involved: It identifies the granter, the individual transferring the property, and the grantee, the individual receiving the property. Their full names and addresses are stated in the deed. 2. Property description: The deed includes a detailed legal description of the property being transferred, including its street address and any relevant identifiers such as lot numbers or block numbers. 3. Consideration: This section specifies the amount of money or other valuables exchanged between the granter and grantee as part of the property transfer. 4. Legal language: The deed includes specific language that clearly indicates the intent to transfer ownership of the property, including any warranties or guarantees made by the granter. This ensures the grantee is protected from any future claims on the property. There are different types of Wilmington, North Carolina General Warranty Deed from Individual to Individual, including: 1. Traditional General Warranty Deed: This is the most common type of general warranty deed. It provides the highest level of protection for the grantee, as the granter guarantees the title against any defects, whether they arose before or during their ownership of the property. 2. Special Warranty Deed: This type of general warranty deed offers lesser protection compared to the traditional general warranty deed. The granter only guarantees the title against defects that may have occurred during their ownership of the property, not before. 3. Bargain and Sale Deed: This type of general warranty deed offers the least amount of protection for the grantee. The granter does not provide explicit warranties or guarantees about the title, but rather implies that they have the right to transfer ownership of the property. It is important to consult with a qualified real estate attorney or a title company to ensure the proper type of general warranty deed is used in the Wilmington, North Carolina area and to properly handle the transfer of property ownership.

A Wilmington, North Carolina General Warranty Deed from Individual to Individual is a legal document used in real estate transactions to transfer ownership of a property from one individual (granter) to another individual (grantee). This type of deed provides the highest level of protection for the grantee, as the granter guarantees that they have clear and marketable title to the property and that they will defend the grantee against any claims or encumbrances arising from previous ownership. The Wilmington, North Carolina General Warranty Deed contains several key elements, including: 1. Parties involved: It identifies the granter, the individual transferring the property, and the grantee, the individual receiving the property. Their full names and addresses are stated in the deed. 2. Property description: The deed includes a detailed legal description of the property being transferred, including its street address and any relevant identifiers such as lot numbers or block numbers. 3. Consideration: This section specifies the amount of money or other valuables exchanged between the granter and grantee as part of the property transfer. 4. Legal language: The deed includes specific language that clearly indicates the intent to transfer ownership of the property, including any warranties or guarantees made by the granter. This ensures the grantee is protected from any future claims on the property. There are different types of Wilmington, North Carolina General Warranty Deed from Individual to Individual, including: 1. Traditional General Warranty Deed: This is the most common type of general warranty deed. It provides the highest level of protection for the grantee, as the granter guarantees the title against any defects, whether they arose before or during their ownership of the property. 2. Special Warranty Deed: This type of general warranty deed offers lesser protection compared to the traditional general warranty deed. The granter only guarantees the title against defects that may have occurred during their ownership of the property, not before. 3. Bargain and Sale Deed: This type of general warranty deed offers the least amount of protection for the grantee. The granter does not provide explicit warranties or guarantees about the title, but rather implies that they have the right to transfer ownership of the property. It is important to consult with a qualified real estate attorney or a title company to ensure the proper type of general warranty deed is used in the Wilmington, North Carolina area and to properly handle the transfer of property ownership.