The North Carolina Quit Claim Deed is used to transfer ownership of real estate from one party to another. This type of deed is most often used when the property is being given as a gift. The quit claim deed offers ZERO protection to the buyer (or receiver). The North Carolina quit claim deed simply transfers whatever rights the holder has to the property.
The North Carolina quit claim deed is a legal document that is employed to transmit ownership of realty from one party to another. Since they are a fast way to perform real estate transfers, quit claim deeds are also occasionally called quick claim deeds. As soon as it is signed, the deed ought to be recorded in your local tax office, real estate registry of deeds, or wherever property exchanges are registered in your surrounding area.
The North Carolina quit claim deed is most regularly employed when real estate is moved without a typical sale. An example would be property being transmitted in between the same family such as parents selling a residential property or giving to their children. This sort of deed can similarly be employed in between separating spouses when one partner keeps the property and the other is relinquishing her or his rights to the property. Transfers with a quit claim deed do not typically need a title search or title insurance.
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