This form is a Special Warranty Deed where the grantor and the grantee are individuals. Grantor conveys and specially warrants the described property to the grantee. The grantor only warrants and will defend the property only as to claims of persons claiming by, through or under grantor, but not otherwise. This deed complies with all state statutory laws.
North Carolina Special Warranty Deed - Individual to Individual
Category:
State:
North Carolina
Control #:
NC-021-78
Format:
Word;
Rich Text
Instant download
Description
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FAQ
It will not protect against title issues that arose prior to the time the seller took occupancy. Consequently, it offers less protection to buyers, and more protection to sellers, than a general warranty deed, which is the most common option for selling or buying a property.
It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating
This can give you full confidence to buy because you know that should any claims against the property or liens arise, it can hold the seller legally liable.A special warranty deed only serves as a guarantee that there are no problems with the title outstanding from when the current seller owned the property.
The North Carolina special warranty deed is used to convey property in North Carolina from a grantor to a grantee.The grantor in this case, only guarantees that he has done nothing to encumber the property since he has owned it. He does not guarantee what previous owners may or may not have done.
A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.
A special warranty deed to real estate offers protection to the buyer through the seller's guarantee that the title has been free and clear of encumbrances during their ownership of the property. It does not guarantee clear title beyond their ownership.
A special warranty deed is a particular kind of deed for real estate that make guarantees about the title only during a certain period of time. A special warranty deed is a legal document that transfers ownership of real property from one person to another.
