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North Carolina Quitclaim Deed from Five Individuals to One Individual

Fayetteville North Carolina Quitclaim Deed from Five Individuals to One Individual

Name: Fayetteville North Carolina Quitclaim Deed from Five Individuals to One Individual
Brand: US Legal Forms
Rating: 4.74 (325 reviews)

Category:

North Carolina Real Estate - Deeds - Quitclaims

State:

North Carolina

City:

Fayetteville

Control #:

NC-035-77

Format:

Instant download

Description

This form is a Quitclaim Deed where the Grantors are five (5) individuals and the Grantee is an individual. Grantors convey and quitclaim any interest Grantors might have in the described property to Grantee. This deed complies with all state statutory laws.

How to fill out Fayetteville North Carolina Quitclaim Deed From Five Individuals To One Individual?

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FAQ

If you need to remove a name from a title deed for a property with a mortgage on it, you will need written consent to do so from the lender. Generally, it is easier to obtain this if the person(s) left on the title deed is (are) sufficiently financially secure.

The lender will need to be satisfied that you will be able to afford the mortgage as the sole mortgagor. The mortgage lender will then need to give you written consent in order to remove the other party from the deeds to your house. The lender will require the change in ownership to be carried out by a solicitor.

The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owner's interest in the property.

A North Carolina quit claim deed is a legal form used to convey real estate in North Carolina from one person to another. A quitclaim, unlike a warranty deed, does not come with a guarantee from the seller, or grantor, as to whether the grantor has clear title to the property or has the authority to sell the property.

A quitclaim deed is likely the fastest, easiest, and most convenient way to transfer your ownership interest in a property or asset to a family member. Unlike other kinds of deeds, such as general and special warranty deeds, quitclaim deeds make no warranties or promises about what is being transferred.

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.

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.

A deed is a legal instrument that evidences legal ownership of a parcel of real property, which includes land and any buildings on the land. To transfer ownership of land in North Carolina, the owner must execute and file a new deed with the register of deeds for the North Carolina county where the property is located.

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.

Once a deed is recorded it cannot be changed. We recommend you consult a real estate attorney or title company to prepare a new deed. If a married couple held the property jointly as tenants by entireties and one spouse dies, it is not necessary to remove that spouse's name from the deed.

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What does an Notary Signing Agent do if a signature requires witnessing? Was awarded North Carolina State Youth Council's Most Outstanding Member.1. Name of Property. Historic name: Old Chapel Hill Cemetery. Lished in The Fayetteville Observer on 29 November, 6 December, and.

Fayetteville North Carolina Quitclaim Deed from Five Individuals to One Individual

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FAQ

How do you take someone's name off the deeds of a house?

How do I remove my ex partner from house deeds?

How do I remove someone from my house deed in NC?

What is a quit claim deed in NC?

How do I transfer property to a family member quickly and effectively in NC?

How much does it cost to transfer a deed in NC?

Do you need a lawyer to transfer a deed in NC?

How do I transfer a deed in NC?

How do you add someone to a deed in NC?

How do I remove someone from a deed in NC?

Interesting Questions

What is a quitclaim deed?

Who are the individuals involved in this Fayetteville Quitclaim Deed?

Can you explain the term 'grantor' in simpler words?

And what about the 'grantee'? What does that mean?

Why would someone use a quitclaim deed instead of a regular real estate transaction?

Is a quitclaim deed the same as transferring property through a will?

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