North Carolina General Warranty Deed from Husband and Wife to Husband and Wife
Definition and meaning
A North Carolina General Warranty Deed is a legal document that transfers ownership of real property from one party to another, specifically from a husband and wife to another husband and wife. This type of deed provides a guarantee that the grantors hold clear title to the property and have the legal right to sell it. In this case, the transaction is executed between individuals in a marital relationship, which reinforces the cohesiveness of ownership.
How to complete a form
To complete the North Carolina General Warranty Deed from Husband and Wife to Husband and Wife, follow these steps:
- Gather the full names and addresses of both the grantors (the current owners) and grantees (the new owners).
- Enter the property description accurately, including any legal references from prior deeds.
- Include an amount for valuable consideration, often set at ten dollars for nominal conveyance.
- Sign the deed in the presence of a Notary Public to authenticate the document.
- Finally, record the completed deed with the local Register of Deeds office.
Key components of the form
The primary components of a General Warranty Deed include:
- Grantors: Names of the current owners transferring the property.
- Grantees: Names of the individuals receiving the property.
- Property Description: A detailed description of the real estate being transferred.
- Consideration: The stated amount for the transfer of ownership.
- Notary Acknowledgment: Confirmation by a Notary Public that the grantors signed the document willingly and in their presence.
Who should use this form
This form is suitable for married couples who wish to transfer real property to each other. It is commonly utilized during estate planning or when one spouse wants to clarify or strengthen ownership rights. Individuals who should consider using this form include:
- Partners looking to clarify ownership of jointly held property.
- Couples undergoing financial planning or restructuring their asset titles.
- Individuals preparing for changes in marital status or property ownership.
Legal use and context
This General Warranty Deed is legally recognized in the State of North Carolina and is governed by state laws. It serves as a critical instrument in property transactions, offering protection for the grantees by ensuring that the grantors have legitimate ownership and the right to transfer that ownership.
What to expect during notarization or witnessing
When notarizing a General Warranty Deed, the grantors must present valid identification to the Notary Public. The Notary will ensure that:
- The grantors understand the contents of the deed.
- The signatures are affixed in their presence.
- Proper documentation is maintained for record-keeping purposes.
This step validates the authenticity of the transaction and provides legal protection for both parties involved.
Form popularity
FAQ
North Carolina: Deed North Carolina is classified as a tax deed state. Tax Deeds: With a Tax Deed sale you are purchasing the property each and every time.In North Carolina, the tax collector or treasurer will sell tax deeds to the winning bidders at the delinquent property tax sale. The Land Grant Process.
The General Warranty Deed. A general warranty deed provides the highest level of protection for the buyer because it includes significant covenants or warranties conveyed by the grantor to the grantee. The Special Warranty Deed. The Bargain and Sale Deed. The Quitclaim Deed.
Go to your Register of Deeds Office and look at the document there. Find your Register of Deeds in: Your phone book under county government. Look it up online. Many counties have their real property (land) records online. Go to the county website.
When done properly, a deed is recorded anywhere from two weeks to three months after closing.