This form is a General Warranty Deed where the Grantors are two individuals and the Grantee is an individual. Grantors convey and generally warrant the described property to the Grantee. This deed complies with all state statutory laws.
A general warranty deed is a legal document used in real estate transactions to transfer ownership of a property from two individuals to an individual in Cary, North Carolina. This deed provides the buyer (individual) with the highest level of protection and assurance that the property being transferred is free from any encumbrances or defects in title. The Cary North Carolina General Warranty Deed from Two Individuals to an Individual is a binding agreement that guarantees the sellers (two individuals) hold clear and marketable title to the property they are selling. By executing this deed, the sellers legally promise to defend the buyer against any future claims or challenges to the property's ownership. Keywords: Cary North Carolina, general warranty deed, two individuals, individual, real estate transactions, transfer ownership, the highest level of protection, encumbrances, defects in title, binding agreement, clear and marketable title, sellers, buyer, defend, claims, challenges. Types of Cary North Carolina General Warranty Deeds from Two Individuals to an Individual: 1. Cary North Carolina General Warranty Deed with Full Covenants: This type of deed includes explicit guarantees and covenants, such as the promise to defend the buyer against any claims arising from the seller's actions or predecessors, ensuring a higher level of protection for the buyer. 2. Cary North Carolina General Warranty Deed with Limited Covenants: This variation of the general warranty deed includes certain limitations on the seller's liability for the property's title. It may exclude protections for defects or claims that arose before the seller acquired the property. 3. Cary North Carolina General Special Warranty Deed: This deed provides similar protections as a general warranty deed, but with limitations on claims related only to the seller's actions during their ownership of the property. It does not extend to any defects in title that existed before the seller acquired the property. By understanding the significance of a Cary North Carolina General Warranty Deed from Two Individuals to an Individual and its different variations, buyers and sellers can enter into real estate transactions with confidence, knowing their rights and interests are well protected.
