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Plum Street PIN 0831-14-44-3480 303 N. Plum Street PIN 0831-14-44-2485 307 N. Plum Street PIN 0831-14-44-2437 311 N. Plum Street PIN 0831-14-44-1499 1407 Morning Glory Avenue PIN 0831-14-44-2317 1409 Morning Glory Avenue PIN 0831-14-441379 1411 Morning Glory Avenue PIN 0831-14-44-2365 1501 Morning Glory Avenue PIN 0831-14-44-3350 1505 Morning Glory Avenue PIN 0831-14-44-4208 and being further Described in Exhibit A attached. TO HAVE AND TO HOLD said Premises with all privileges and appurtenanc ...

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What is a deed of trust in NC?

A deed of trust is a legal document that secures a real estate transaction. It works similarly to a mortgage, though it's not quite the same thing. Essentially, it states that a designated third party holds legal title to your property until you've paid it off according to the terms of your loan.

What makes a deed valid in NC?

Deeds are required to have the name of the grantor, the name and address of the grantee, the name of the preparer and an acknowledgment by a notary. Once the deed is properly drafted and signed, it must be recorded with the register of deeds in the county in which the property is located.

Can you prepare your own deed in North Carolina?

Can I prepare my own deed and have it recorded? North Carolina law allows you to prepare a Deed of Conveyance for any real property to which you have legal title. However, the conveyance of real property is a legal matter that should be given under and with the advise of legal counsel.

Does NC use deed of trust?

In North Carolina, a deed of trust or mortgage acts as a conveyance of the real estate. Upon repayment of the debt or performance of the obligation, the conveyance becomes void.

How long is a deed of trust good for in North Carolina?

N.C. Gen. § 45-36.24(b) provides that, for deeds of trust recorded after October 1, 2011, the lien of the deed of trust will automatically expire 15 years from maturity date, if the maturity date of the secured obligation is stated in the deed of trust.

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What states use trust deeds?

Deeds of trust are the most common instrument used in the financing of real estate purchases in Alaska, Arizona, California, Colorado, the District of Columbia, Idaho, Maryland, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, Washington, and West Virginia, ...

Is North Carolina a deed state?

North Carolina is a pure race state, which means that the first person to record a deed or lien against a property has priority over all subsequent guarantees or lien holders.

Does North Carolina use deed of trust?

Deeds of trust and mortgages are a means of securing the payment of a debt or performance of an obligation. The debt may be established by promissory note, bond or other instrument. In North Carolina, a deed of trust or mortgage acts as a conveyance of the real estate.

What is the benefit of a deed of trust for a seller?

For the seller, the trust deed allows the seller to have more freedom where it comes to financing. A seller can either offer their own financing, or seek financing from third parties.

Does North Carolina use deed of trust or mortgage?

Start Deed of Trust StateMortgage allowedDeed of trust allowedNorth CarolinaYNorth DakotaYOhioYOklahomaY47 more rows

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