This form is a Special Warranty Deed where the grantors are husband and wife and the grantee is an individual. Grantors convey and specially warrant the described property to the grantee. The grantors only warrant and will defend the property only as to claims of persons claiming by, through or under grantors, but not otherwise. This deed complies with all state statutory laws.
A Wilmington North Carolina Special Warranty Deed is a legal document that transfers real estate ownership from a married couple (Husband and Wife) to an individual. This type of deed provides a limited warranty of title, wherein the sellers (Husband and Wife) guarantee that they own the property and have the legal right to transfer it to the buyer (Individual), but offer no guarantees against any defects in title that may have existed before they acquired ownership. In Wilmington, North Carolina, there are three main types of Special Warranty Deeds involving the transfer of property from a married couple to an individual: 1. Wilmington North Carolina Special Warranty Deed — Husband and Wife to Individual: This is the standard special warranty deed used when a married couple wishes to transfer property ownership to a single individual. It offers limited protection against any title defects that may have occurred during the time the couple owned the property, but no protection against defects that existed prior to their ownership. 2. Wilmington North Carolina Special Warranty Deed — Husband and Wife to Individual with Survivorship: This special warranty deed ensures that if one spouse passes away, the surviving spouse automatically inherits full ownership of the property. It provides the same limited warranty of title as the standard special warranty deed. 3. Wilmington North Carolina Special Warranty Deed — Husband and Wife to Individual with Right of Reversion: This type of special warranty deed grants the sellers the right to reclaim ownership of the property if certain conditions occur in the future, such as the death of the individual buyer or the property being used for a specific purpose. It also includes the limited warranty of title. When using a Wilmington North Carolina Special Warranty Deed — Husband and Wife to Individual, it is essential to consult with a real estate attorney to ensure the document is prepared correctly and all legal requirements are met. The deed requires the signature of both spouses, and a notary public's acknowledgment to make it legally binding and enforceable.A Wilmington North Carolina Special Warranty Deed is a legal document that transfers real estate ownership from a married couple (Husband and Wife) to an individual. This type of deed provides a limited warranty of title, wherein the sellers (Husband and Wife) guarantee that they own the property and have the legal right to transfer it to the buyer (Individual), but offer no guarantees against any defects in title that may have existed before they acquired ownership. In Wilmington, North Carolina, there are three main types of Special Warranty Deeds involving the transfer of property from a married couple to an individual: 1. Wilmington North Carolina Special Warranty Deed — Husband and Wife to Individual: This is the standard special warranty deed used when a married couple wishes to transfer property ownership to a single individual. It offers limited protection against any title defects that may have occurred during the time the couple owned the property, but no protection against defects that existed prior to their ownership. 2. Wilmington North Carolina Special Warranty Deed — Husband and Wife to Individual with Survivorship: This special warranty deed ensures that if one spouse passes away, the surviving spouse automatically inherits full ownership of the property. It provides the same limited warranty of title as the standard special warranty deed. 3. Wilmington North Carolina Special Warranty Deed — Husband and Wife to Individual with Right of Reversion: This type of special warranty deed grants the sellers the right to reclaim ownership of the property if certain conditions occur in the future, such as the death of the individual buyer or the property being used for a specific purpose. It also includes the limited warranty of title. When using a Wilmington North Carolina Special Warranty Deed — Husband and Wife to Individual, it is essential to consult with a real estate attorney to ensure the document is prepared correctly and all legal requirements are met. The deed requires the signature of both spouses, and a notary public's acknowledgment to make it legally binding and enforceable.
