Deeds represent proof of ownership of property. You may need to transfer a deed, add or remove an individual from a deed, or make corrections to a deed. Whichever applies, you may find the process intimidating. The experienced deeds lawyers at Brady Cobin Law Group, PLLC, can guide you through this process in Raleigh, North Carolina.
Defining a Deed
In simple terms, a deed provides written proof of property transfer between two people or entities. You’ll need to include a description of the transferred property, the grantor and grantee, and the amount paid for the property.
Types of Deeds
Your unique situation determines what type of deed you’ll need when transferring property. Different types of deeds include:
- Life estate deeds.
- Special warranty deeds.
- Quitclaim deeds.
- General warranty deeds.
- Confirmatory or corrective deeds.
- Executor’s deeds.
Some factors that determine which deed you’ll create include the length of ownership, whether or not the owner has deceased, and whether you have documented proof of your ownership.
Power of Attorney in Raleigh, NC
In some cases the property owner may not have the ability to sign the deed to transfer the property. However, they can appoint an agent under a power of attorney to sign the deed on the owner’s behalf.
When appointing an agent under power of attorney, you can determine how much authority they have in the process. Our lawyers can draft the power of attorney documents for you if you choose to go this route.
Types of Vesting in Real Estate
Vesting refers to how the owner holds the property. Some examples of vesting include:
- Tenancy by the entirety.
- Tenancy in common.
- Survivorship tenancy.
Tenancy by the entirety, tenancy in common and survivorship tenancy refer to multiple individuals sharing ownership of property. You can sell your portion of ownership for tenancy in common without the other owner. For survivorship tenancy and tenancy by the entirety, all owners must sell the property jointly.
Dower represent a transfer of property after a death or divorce. A real estate attorney can provide more details on types of vesting.
Contact Our Raleigh, NC, Real Estate Lawyers
Don’t get overwhelmed by your real estate transfer. Instead, hire an experienced deeds lawyer to guide you through the process. Call the Brady Cobin Law Group, PLLC, today at 919-782-3500.
We’ve helped clients all throughout North Carolina with property transfers. No matter the deed, our team can help you draft the appropriate legal documents and make the process as seamless as possible.