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Due to this, quitclaim deeds typically are not used in situations where the property involved has an outstanding mortgage. After all, it would be difficult for many grantors to pay off a mortgage without proceeds from the sale of the property.
Signing Requirements § 47-38: All North Carolina quitclaim deeds need the grantor's signature to be acknowledged by a notary public. Recording Requirements § 47H-2: Quitclaim deeds must be recorded with the Register of Deeds in the county where the property is located.
Navigating the quitclaim deed process is an extremely arduous task to tackle on your own. You need a knowledgeable real estate attorney who can help you successfully transfer ownership for the most stress-free experience possible.
In North Carolina, a quitclaim deed must include the following information: the grantor's name, the grantee's name, the legal description of the property being conveyed, the consideration paid for the property, any agreements made between the parties to the deed, and a statement of whether or not the grantor is making ...
To properly convey land in North Carolina, the owner must execute and file a new deed with the register of deeds for the county in which the property is located. The most common types of deeds are the General Warranty Deed, the Special Warranty Deed, and the Non-Warranty Deed (also known as the Quit Claim Deed).
Among other things, a quitclaim deed or non-warranty deed must include the following items: Names and addresses of the current owner and new owner; A legal description of the property; The name of the person who prepared the deed;23 and. A statement that the property is or is not the transferor's primary residence.