The North Carolina Letter in Lieu of Transfer Order is a legal document used in the state of North Carolina to transfer ownership or title of real property. It is an alternative to filing a traditional transfer order with the North Carolina Registry of Deeds. This letter serves as a substitute for a transfer order and includes vital information about the property being transferred, such as the owner's name, the property's legal description, and any relevant loans or encumbrances. The purpose of the North Carolina Letter in Lieu of Transfer Order is to simplify the process of transferring ownership while ensuring the necessary legal steps are taken. It provides a more efficient and cost-effective alternative to filing a formal transfer order. There are a few different types of North Carolina Letter in Lieu of Transfer Orders, depending on the specific circumstances: 1. General Transfer: This type of letter is used for the transfer of property from one party to another without any specific conditions or restrictions. 2. Joint Tenancy Transfer: In cases where property is jointly owned, this letter is used for transferring ownership from one or more joint tenants to a new owner. 3. Trust Transfer: When property is held in a trust, this type of letter is used to transfer the property from the trustee(s) to another party or a different trust. 4. Estate Transfer: This letter is used when transferring property from the estate of a deceased individual to their heirs or beneficiaries. 5. Mortgage Transfer: In cases where the property is subject to a mortgage, this letter is used to transfer both the ownership and the mortgage liability to a new owner. It is important to note that the North Carolina Letter in Lieu of Transfer Order must be prepared and executed in compliance with state laws and regulations. It is advisable to consult with a qualified attorney to ensure the letter is drafted correctly and meets all legal requirements. Overall, the North Carolina Letter in Lieu of Transfer Order is a useful legal document, providing an efficient and cost-effective way to transfer ownership of real property in the state of North Carolina.