Quitclaim Deed from Corporation to Corporation North Carolina Form
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People also ask
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In which of the following situations could a quitclaim deed not be used?
Quitclaim deeds typically are not used in situations where the property involved has an outstanding mortgage. After all, it would be difficult for many grantors to pay off a mortgage without proceeds from the sale of the property. In some instances, however, quitclaim deeds are used when the grantor has a mortgage.
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Does a quitclaim have to be filed with the Register of Deeds, NC?
§ 47H-2, you should file your quitclaim deed with the register of deeds office in the county where the property is located. Be prepared to pay recording fees, including a $26 fee for a standard instrument that is not a deed of trust or mortgage, when you submit your deed.
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What are the disadvantages of a quit claim deed?
Quit claim deeds don't provide protection against title defects. The grantor transfers only whatever interest they possess, if any, leaving the grantee exposed to potential future challenges.
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What is required on a quit claim deed in NC?
In North Carolina, a quitclaim deed must include the following information: the grantor's name, the grantee's name, the legal description of the property being conveyed, the consideration paid for the property, any agreements made between the parties to the deed, and a statement of whether or not the grantor is making ...
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How much does it cost to do a quitclaim deed in NC?
While deeds of trust and mortgages cost $64 for the first 35 pages and $4 for each page after that, instruments other than deeds of trust and mortgages, including quitclaim deeds, typically cost $26 for the first 15 pages.
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Can I prepare my own quit claim deed in NC?
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.
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How much does it cost to file a quitclaim deed in NC?
Costs and Fees Filing Fees: In North Carolina, filing fees for recording real estate documents vary by document type. For quitclaim deeds, the cost is typically $26 for the first 15 pages. Deeds of trust and mortgages have a higher fee of $64 for the first 35 pages, with an additional $4 per extra page.
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What are the disadvantages of a quit claim deed?
Quit claim deeds don't provide protection against title defects. The grantor transfers only whatever interest they possess, if any, leaving the grantee exposed to potential future challenges.
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