This form is a General Warranty Deed where the Grantors are five individuals and the Grantees are five individuals. Grantors convey and generally warrant the described property to the Grantees. This deed complies with all state statutory laws.
North Carolina General Warranty Deed from Five Individuals to Five Individuals
Category:
State:
North Carolina
Control #:
NC-027-78
Format:
Word;
Rich Text
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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.
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
When done properly, a deed is recorded anywhere from two weeks to three months after closing.
To transfer ownership of land in North Carolina, the owner must execute and file a new deed with the register of deeds for the North Carolina county where the property is located.
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.
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.
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.
