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What is the difference between a warranty deed and a general warranty deed?
A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee).
What is the disadvantage of a warranty deed?
Overall Cons: Fine print: Details of coverage limits may be listed in fine print and are overlooked. Service limitations: Some companies only allow certain brands when replacing items, do not cover commercial grade appliances, or choose your own contractors.
What type of warranty deed is best?
You may wonder if you can ever convert a limited warranty deed to a general warranty deed. You cannot convert what the grantor gives you. However, if you receive a property via limited warranty deed and then choose to sell it, its up to you as to what kind of guarantees you want to make to your buyer.
How to fill out a North Carolina general warranty deed?
How to fill out the North Carolina General Warranty Deed Instructions? Enter the parcel ID and property description. Fill in the names and details of the grantor and grantee. Indicate the value consideration being exchanged. Review all sections for accuracy and completeness. Sign and date where required.
Who prepares a general warranty deed?
A mortgage company typically prepares the general warranty deed. As a home buyer, its critical to review your local laws to know what a seller should disclose to you during the home buying process.
north carolina general warranty deed template
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Is a warranty deed the same as a general warranty deed?
A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property. Both general warranty deeds and special warranty deeds provide the same general protections for the buyer.
Where can I get a general warranty deed?
You can get a warranty deed from your real estate agent. The warranty deed should include all the important details surrounding the real estate transaction (names of people involved, appropriate signatures, description of the property, etc.).
north carolina general warranty deed
frm7-j.docx
Does. Does not include the primary residence of the Grantor. NORTH CAROLINA GENERAL WARRANTY DEED. THIS DEED made this. day of. 20. by and between. GRANTOR.
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