Nc general warranty deed 2025

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The warranty deed not only gives the grantor the legal right to sell the home but also confirms that the property has no title issues or concerns.
A Warranty Deed can protect the seller from legal implications if disputes arise after the transaction. The grantor assures the grantee they are responsible for past discrepancies, thus protecting the buyers interests.
Limitations of Warranty Deeds While warranty deeds offer some key benefits, there are also some limitations, such as: A special warranty deed only guarantees that the title is clear of any claims or encumbrances during the time that the grantor owned the property.
Warranty Deeds are used in most home sales between unrelated parties because they offer the most protection for buyers without established trust. If any title issues arise after a sale, a Warranty Deed ensures that the seller remains responsible. There are two types of Warranty Deeds: special and general.
A general warranty deed is a legal agreement that protects a property buyer from any debts held against the property theyre purchasing. If such a debt emerges after the sale, the seller, not the buyer, is financially responsible for that debt.
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The general warranty deed is the most common type of deed used in North Carolina. This deed is different from the rest because the seller protects the buyer against any title defects or claims arising at any point in time, not just for the length of time when the seller owned the property.
If they own the property outright, the quitclaim deed transfers full ownership. If they dont own the property at all, the quitclaim deed doesnt transfer anything. A warranty deed transfers someones rights in the underlying property. It also promises that the person transferring this property actually owns it.

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