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Contrary to the law and established custom in other states, the expression ?to have and to hold? (called the ?habendum clause? of a deed) is not necessary, nor are witnesses or seal required. The deed should be dated, but this too is not necessary to its validity. 7. Principal Instruments of Transfer - California Department of Real Estate ca.gov ? files ? pdf ? refbook ? ref07 ca.gov ? files ? pdf ? refbook ? ref07
A quitclaim deed is most often used to: Transfer interest in real property. A quitclaim deed is a legal instrument which is used to transfer interest in real property. Chapter 9 Flashcards - Quizlet quizlet.com ? chapter-9-flash-cards quizlet.com ? chapter-9-flash-cards
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).
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.
Transferring property between family members A quitclaim deed is most often used for transferring property between family members, or to add or remove a person to the title, or or to cure a simple defect on the title, such as a mistake in an address or the misspelling of a name. What Is A Quitclaim Deed? - Bankrate bankrate.com ? real-estate ? quitclaim-deed bankrate.com ? real-estate ? quitclaim-deed
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 ...
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.
As a refresher, a grantor who uses a bargain and sale deed is guaranteeing that they own the property outright. This means that no other owner has a stake to claim with regards to the property title. In contrast, a quitclaim deed provides no such warranties. How Does a Bargain and Sale Deed Work? | Trust & Will trustandwill.com ? learn ? bargain-and-sale-deed trustandwill.com ? learn ? bargain-and-sale-deed