This form is a General Warranty Deed where the Grantors are two (2) individuals and the Grantees are four (4) individuals. Grantors convey and generally warrant the described property to the Grantees. This deed complies with all state statutory laws.
Wilmington North Carolina General Warranty Deed from Two Individuals to Four Individuals is a legal document that transfers the ownership of real property from two individuals, known as granters, to four individuals, known as grantees. This type of deed provides a guarantee to the grantees that the property being transferred is free of any encumbrances, except those specifically mentioned in the deed. Keywords: Wilmington North Carolina, General Warranty Deed, Two Individuals, Four Individuals, legal document, ownership, real property, granters, grantees, guarantee, encumbrances. There are different types of Wilmington North Carolina General Warranty Deeds from Two Individuals to Four Individuals, each serving specific purposes: 1. Standard General Warranty Deed: This type of deed signifies a complete transfer of ownership from the granters to the grantees. It ensures that the granters have the legal authority to transfer the property and provides a guarantee against any future claims. 2. Special Warranty Deed: This deed also transfers the ownership from the granters to the grantees, but the guarantee is limited. It ensures that the granters have not caused any defects in title during their period of ownership, but it doesn't provide protection against any previous defects that existed before their ownership. 3. Quitclaim Deed: Although not a General Warranty Deed, it is worth mentioning as an alternative option. This type of deed transfers whatever interest the granters have in the property, with no guarantees or warranties. It is commonly used in situations where the granters are unsure of the property's condition or ownership status. 4. Interspousal Transfer Deed: This type of General Warranty Deed is used when property is being transferred between spouses. It allows for the transfer of property without triggering reassessment for property tax purposes. Regardless of the specific type, a Wilmington North Carolina General Warranty Deed guarantees that the property being conveyed is being transferred with a clean title, protecting the grantees from any potential claims or disputes. It provides peace of mind to the grantees, ensuring that they are receiving a property free from any undisclosed liens, encumbrances, or other title defects.
