North Carolina General Warranty Deed Bryant Amp Associates Home Form
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People also ask
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What are the different types of deeds in NC?
There are three types of deeds in North Carolina and each offer different types of protection. The three deeds are: (1) general warranty deed, (2) special warranty deed, and (3) quitclaim deed. -
What are the different types of deeds in NC?
There are three types of deeds in North Carolina and each offer different types of protection. The three deeds are: (1) general warranty deed, (2) special warranty deed, and (3) quitclaim deed. -
What is the difference between a warranty deed and a quit claim deed in North Carolina?
A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you. -
What is the opposite of a quit claim deed?
With a warranty deed, the person transferring title of a property (the seller) is guaranteeing that they have a defensible ownership interest in the property and can therefore transfer their ownership interest to the other party (the buyer). -
What is a North Carolina warranty deed?
A North Carolina general warranty deed is used to legally transfer property in North Carolina from one person to another. A warranty deed comes with a guarantee from the seller that the property has clear title. -
What are the different types of deeds in NC?
There are three types of deeds in North Carolina and each offer different types of protection. The three deeds are: (1) general warranty deed, (2) special warranty deed, and (3) quitclaim deed. -
What is the difference between a general warranty deed and a special warranty deed in NC?
A general warranty deed protects the grantee against any title defects or claims arising at any point in time. Whereas, a special warranty deed only protects the grantee against title defects arising from the actions or omissions of the grantor during its ownership. -
What is a North Carolina General warranty deed?
A General Warranty Deed is a deed in which the party conveying the property (the “Grantor”) warrants and guarantees to the party receiving the conveyance (the “Grantee”) that the title to the property he is conveying is good and unencumbered as against all persons. -
What is a quitclaim deed in NC?
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. -
What is a North Carolina special warranty deed?
A North Carolina special warranty deed is used to convey property from a grantor (seller) to a grantee (buyer) with a limited guarantee that there are no liens or encumbrances on the title during the grantor's ownership. Although, the deed does not guarantee clean title from past owners. -
How to fill out a North Carolina General warranty deed?
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.
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