North Carolina General Warranty Deed from Individual to Individual
Definition and Meaning
A North Carolina General Warranty Deed from Individual to Individual is a legal document used to transfer ownership of real property between individuals. This type of deed provides the highest level of protection to the buyer, as it guarantees that the seller holds clear title to the property and has the legal right to sell it. The seller, or grantor, warrants that the property is free from any claims or encumbrances and agrees to defend the title against all lawful claims.
How to Complete a Form
To properly complete the North Carolina General Warranty Deed, follow these steps:
- Begin by entering the current date on the top line of the form.
- Clearly identify the grantor and grantee by entering their full names and addresses.
- Provide a detailed description of the property being transferred, including its location and legal description. Attach a separate document if necessary.
- Indicate how the property was obtained by the grantor, referencing any previous deeds.
- Have the grantor sign the deed in front of a notary public.
- Ensure the notary public completes the confirmation of the signature.
Who Should Use This Form
This form is suitable for individuals looking to transfer property ownership in North Carolina. It is commonly used by homeowners selling their property to other individuals, as well as by family members transferring property between themselves. Both the grantor and grantee should ensure they understand their rights and obligations under this deed.
Key Components of the Form
The North Carolina General Warranty Deed includes several essential components:
- Grantor Information: Details about the individual transferring the property.
- Grantee Information: Details about the individual receiving the property.
- Property Description: A clear legal description of the property.
- Consideration: The monetary value exchanged for the property.
- Notary Section: A space for the notary public to certify the grantor's signature.
What to Expect During Notarization or Witnessing
During the notarization process, the grantor must personally appear before a notary public. The notary will verify the identity of the grantor and ensure that they are signing the deed voluntarily. The grantor will also need to provide a valid form of identification. After witnessing the signature, the notary will complete their section and affix their official seal to the document. This process ensures the deed's legitimacy and can help prevent fraud.
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FAQ
The North Carolina general warranty deed is used to transfer property in North Carolina from one person to another legally. A warranty deed comes with a guarantee from the seller that the property has clear title.
Recording All deeds must be filed in the Register of Deeds in the County where the real estate is located. Signing (§ 47-38) All deeds must be signed with the Grantor(s) signing in front of a Notary Public.
Let's start with the definition of a deed: DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.
Under the Grantor section of the deed, write the name of the person transferring title. Under Grantee, write the name of the person receiving title. Describe the parcel of land. Use the street address and include the North Carolina County where the land is located.
A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.
A warranty deed is a common real estate deed in North Carolina used to transfer title to real property. A typical warranty deed contains covenants of seisin, right to convey, marketability of title, freedom from encumbrances, and covenants of warranty from the grantor to the grantee.
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.
To make the form legally binding, you must sign it in front of a notary public. You must then file your signed and notarized deed with the county office that's in charge of recording property documents. Once the grantee signs the warranty deed, he/she legally has ownership and claim to the property.