Quitclaim Deed from Corporation to Two Individuals - North Carolina: Fill out & sign online

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What is the meaning of a quitclaim?

Definition of quitclaim 1. the release or relinquishment of a claim, action, right, or title. 2. a deed or other legal paper in which a person relinquishes to another a claim or title to some property or right without guaranteeing or warranting such title.

How does a quit claim deed work in Washington state?

Washington Quit Claim Deed Form Summary The Washington quit claim deed form gives the new owner whatever interest the current owner has in the property when the deed is signed and delivered. It makes no promises about whether the current owner has clear title to the property.

Can I prepare my own deed in NC?

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.

What is the disadvantage to a buyer receiving a quitclaim deed?

No guarantees to the new owner: Unlike a warranty deed, a quitclaim deed does not guarantee that a property is free from title defects such as tax liens or title claims from third parties. For this reason, it is a poor legal instrument to use when selling a piece of property for cash considerations.

What are the general requirements of a deed?

Required Features of a Deed The deed must state on its face that it is a deed. The deed must stipulate that it is conveying or awarding some kind of special rights or privileges to someone. The deed must be executed by the grantor in solemn form. A seal must be affixed to the deed.

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