North Carolina Quitclaim Deed Dedicating Land to City for Public Use
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How to fill out Quitclaim Deed Dedicating Land To City For Public Use?
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FAQ
A deed must state the name and address for the current owner making the transfer (the grantor) and the new owner receiving the property (the grantee). A deed with more than one grantor or grantee must include the names and addresses of all parties.
(a) When two vehicles approach or enter an intersection from different highways at approximately the same time, the driver of the vehicle on the left shall yield the right-of-way to the vehicle on the right.
A North Carolina quitclaim deed form is a legal document transfers whatever ownership interest the signer holds with no guarantee of its validity or status. Like a non-warranty deed, a quitclaim deed provides no warranty of title and places the risk of title problems on the new owner.
A quit claim deed in a divorce or legal separation gives one party the sole ownership of the property. This allows that party to sell or mortgage the property without the approval or consent of the other party.
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.
