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Get NC General Warranty Deed 2005-2023
This instrument prepared by Brief description for the index THIS DEED made this the day of , in the year , by and between GRANTOR GRANTEE + + + + + + + + + + The designation Grantor and Grantee as used herein shall inc.
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Encumbrances FAQ
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A warranty deed (sometimes called a general warranty deed) is a form of deed that provides a full guarantee of title to real estate. This guarantee covers acts taken by all previous owners in the chain of title.
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A general warranty deed does not now include a covenant against encumbrances. Because the grantor is making numerous present and future covenants about the title of the property being conveyed, a general warranty deed is the kind of deed that offers the most comprehensive level of protection to the buyer.
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In order to be recorded in North Carolina, a warranty deed must be signed and properly acknowledged by the grantor before an officer authorized by the state to take acknowledgments of deeds. An individual form for acknowledgment by a grantor is presented in 47 38 of the North Carolina Statutes.
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A traditional deed simply transfers the ownership of a property from one party to another (in other words, the seller to the buyer.) Whoever legally holds the deed is the rightful owner of the property. A warranty deed, on the other hand, contains special assurances that the seller makes to the buyer.
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General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.
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Updated May 14, 2022. 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.
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A special warranty deed typically includes the same protections given in a general warranty deed, but in a special warranty deed these protections only exist for defects in the title that are a result of actions of your seller, or arose during the possession of your seller.
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A general warranty deed transfers real property from the buyer to the seller with the guarantee that the seller holds clear, unencumbered legal title to the property.
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Keywords relevant to NC General Warranty Deed
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