This form is a General Warranty Deed where the Grantor is an individual and the Grantees are two individuals. Grantor conveys and generally warrants the described property to the Grantees. The Grantees take the property as tenants in common, joint tenants with the right of survivorship or tenants by the entireties. This deed complies with all state statutory laws.
Charlotte North Carolina General Warranty Deed from Individual Grantor to Two Grantees
Category:
State:
North Carolina
City:
Charlotte
Control #:
NC-025-78
Format:
Word;
Rich Text
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How to fill out North Carolina General Warranty Deed From Individual Grantor To Two Grantees?
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FAQ
The General Warranty Deed A general warranty deed provides the highest level of protection for the buyer because it includes significant covenants or warranties conveyed by the grantor to the grantee.
?Adding someone to a deed? means transferring ownership to that person. The transfer of ownership can occur during life (with a regular quitclaim deed, for example) or at death (using a lady bird deed, transfer-on-death-deed, or life estate deed).
You will need to have the quitclaim deed notarized with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
A general warranty deed is the most common type of warranty deed in the United States. It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home ? even dating back to prior property owners.
As a homeowner, you have the ability to execute a quitclaim deed to change ownership, and you don't need to refinance the mortgage loan to file a quitclaim deed. Filing a quitclaim deed will change only the property's ownership and title, not anything regarding the loan.
Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.
A General Warranty Deed is a deed in which the party conveying the property (the ?Grantor?) warrants and guarantees to the party receiving the conveyance (the ?Grantee?) that the title to the property he is conveying is good and unencumbered as against all persons.
A general warranty deed must include the following to be valid: 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.
The general warranty deed gives the most guarantee and security to the grantee.
Yes you can. This is called a transfer of equity but you will need the permission of your lender.