Raleigh, North Carolina Notice of Option for Recording is a legally binding document that grants individuals the right to record certain information related to real property transactions. This notice is crucial in safeguarding the interests of parties involved and ensuring the transparency of property transactions in the Raleigh area. The Notice of Option for Recording in Raleigh, North Carolina is applicable in various scenarios. One of the types of this notice includes a Notice of Option for Recording on a Purchase Agreement. This variant of the notice is commonly used when parties have agreed upon a purchase agreement for a property, but the actual recording of the transaction is to occur at a later date. By recording this notice, it secures the buyer's rights and notifies potential interested parties about the impending transaction. Another type of Raleigh Notice of Option for Recording is a Notice of Option for Recording on a Lease Agreement. This notice is used when leasing a property in Raleigh. It emphasizes the tenant's right to secure their lease agreement by publicly recording the notice. This action helps prevent any potential conflicts or disputes arising from unauthorized claims over the property. The Notice of Option for Recording is a document that grants a certain level of assurance to both buyers and tenants in Raleigh, North Carolina. It allows parties to protect their rights by ensuring their agreements are officially recorded and publicly accessible. This provides a sense of security and transparency in real estate transactions. In summary, the Raleigh, North Carolina Notice of Option for Recording is a vital document that aids in preserving the rights of parties involved in property transactions. It is subdivided into different categories such as the Notice of Option for Recording on a Purchase Agreement and the Notice of Option for Recording on a Lease Agreement. These variations cater to specific scenarios and serve to secure the interests of both buyers and tenants.
Raleigh North Carolina Notice of Option for Recording
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One-sided only....Recording and Document Fees. Document TypeFee DetailsDeeds of Trust and Mortgages$64 first 35 pages $4 each additional pageAmendment to Deed of Trust$26 first 15 pages $4 each additional pageAll other Documents / Instruments / Assumed Name (DBA)$26 first 15 pages $4 each additional page3 more rows
A: Anywhere between 14 to 90 days after closing. A properly recorded deed can take anywhere from 14 days to 90 days. That may seem like a long time, but your local government office goes over every little detail on the deed to make sure the property is correct and there are no errors.
Recording and Document Fees Document TypeFee DetailsDeeds of Trust and Mortgages$64 first 35 pages $4 each additional pageAmendment to Deed of Trust$26 first 15 pages $4 each additional pageAll other Documents / Instruments / Assumed Name (DBA)$26 first 15 pages $4 each additional page3 more rows
??Register of Deeds The Register of Deeds is elected by the people and serves a four-year term. This office records, indexes, and stores all real estate and business related documents that are presented for registration.
?You may file your power of attorney document with the Register of Deeds office.
Requests to expedite ? upto10 working days; Assent of registered land ? around 7 weeks (this would usually be completed in 1-2 weeks);
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.
There is no mortgage tax in North Carolina. ?An excise tax is levied on each instrument by which any interest in real property is conveyed to another person. The tax rate is one dollar ($1.00) on each five hundred dollars ($500.00) or fractional part thereof of the consideration or value of the interest conveyed.
To be validly registered pursuant to G.S. 47-20, a deed of trust or mortgage of real property must be registered in the county where the land lies, or if the land is located in more than one county, then the deed of trust or mortgage must be registered in each county where any portion of the land lies in order to be