Wake North Carolina Warranty Deed - Husband and Wife to Three Individuals

State:
North Carolina
County:
Wake
Control #:
NC-020-78
Format:
Word; 
Rich Text
Instant download

Description

This form is a Warranty Deed where the grantors are husband and wife and the grantees are three individuals. Grantors conveys and warrant the described property to the grantees. This deed complies with all state statutory laws.

A Wake North Carolina Warranty Deed — Husband and Wife to Three Individuals is a legal document that transfers ownership of a property from a married couple to three individuals. This type of deed is commonly used when a married couple wishes to transfer their interest in a property to specific individuals, typically family members or close friends. Keywords: Wake North Carolina, warranty deed, husband and wife, three individuals, property ownership, legal document, transfer, interest, family members, close friends. There are no different types of Wake North Carolina Warranty Deed — Husband and Wife to Three Individuals as it is a specific type of deed designed for a specific scenario. However, there may be variations in the terms and conditions outlined within the deed depending on the specific circumstances and preferences of the parties involved. It is important to note that the Wake North Carolina Warranty Deed — Husband and Wife to Three Individuals should comply with the laws and regulations of Wake County, North Carolina. The deed should also accurately reflect the intentions and agreements between the transferring couple and the three individuals receiving the property. The deed will typically include detailed information about the property being transferred, such as the address and legal description. It will also include the names of the husband and wife as the granters, transferring their interest in the property, and the names of the three individuals as the grantees, receiving the property. Furthermore, the Wake North Carolina Warranty Deed — Husband and Wife to Three Individuals may include warranties from the granters, assuring that they are the legal owners of the property, and that there are no hidden claims or liens against it. It may also provide for any special conditions, terms, or restrictions that the parties agree upon, such as easements or right-of-way agreements. It is crucial to consult with a qualified attorney or a real estate professional familiar with Wake County's laws and regulations to draft and execute the Wake North Carolina Warranty Deed — Husband and Wife to Three Individuals accurately. This will ensure that the transfer of ownership is legally binding and protects the interests of all parties involved.

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FAQ

(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 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.

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.

?Adding someone to a deed? means transferring ownership to that person. The transfer of ownership can occur during life (with a regular quitclaim deed, for example) or at death (using a lady bird deed, transfer-on-death-deed, or life estate deed).

Yes you can. This is called a transfer of equity but you will need the permission of your lender.

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.

Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.

Things You Should Know Go to the county recorder's office and get a quitclaim form. Fill out the form and sign it before a notary to make the transfer legal. Go back to your county recorder's office to get the deed recorded so it becomes part of the official property record.

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.

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.

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3. Notice of Gift Tax Assessment for the taxable year 2000 dated June 19, 2003, a copy of which is designated as Exhibit PT-3. 4. Often, a married couple's estate plan consists of identical wills, each naming the other as executor of the deceased spouse's estate.The Register of Deeds Office issues marriage licenses and supplies copies of birth and death certificates in Wake County. North Carolina home as joint tenants with right of survivorship. General Warranty Deed (with Survivorship Rights). Couples who hold title to property as unmarried, but wish to have Survivorship Rights. Bar Association and the North Carolina Association of REALTORS®. For complete guidance, you must refer to the official. North Carolina General Statutes and Session Laws or consult an attorney. Licensing Office of Pearson VUE.

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Wake North Carolina Warranty Deed - Husband and Wife to Three Individuals