This form is a Quitclaim Deed where the Grantors are five (5) individuals and the Grantee is an individual. Grantors convey and quitclaim any interest Grantors might have in the described property to Grantee. This deed complies with all state statutory laws.
Raleigh North Carolina Quitclaim Deed from Five Individuals to One Individual
Category:
State:
North Carolina
City:
Raleigh
Control #:
NC-035-77
Format:
Word;
Rich Text
Instant download
Description
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How to fill out North Carolina Quitclaim Deed From Five Individuals To One Individual?
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FAQ
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.
Yes you can. This is called a transfer of equity but you will need the permission of your lender.
A deed is a legal instrument that evidences legal ownership of a parcel of real property, which includes land and any buildings on the land. To transfer ownership of land in North Carolina, the owner must execute and file a new deed with the register of deeds for the North Carolina county where the property is located.
Almost all instruments presented for recordation first must be acknowledged (notarized) before the Register of Deeds can record the instrument. Notary Publics are authorized by North Carolina law to perform this duty.
North Carolina's transfer tax rates are straightforward ? expect to pay $1 for every $500 of the sale price. For the state's average home value of $320,291, the transfer tax would amount to $640.58.
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 deed, of course, is a legal document representing property ownership. But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.
A quitclaim deed is what some people think is called a ?quick? claim deed ? but the correct terminology is quitclaim deed. In North Carolina, a quitclaim deed is a document that is signed by two parties with the purpose of transferring one party's interest in real estate to another party.
Signing (N.C.G.S.A. § 47-38) ? All quit claim deeds are required to be signed with the Grantor(s) being witnessed by a Notary Public.