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In a real estate transaction, the deed serves to transfer ownership of the property from the seller to the buyer. Some people choose to write their own deeds. While this may sound simple, it is imperative that the deed is completely accurate. If your deed isn’t properly prepared, you could face financial and legal consequences. Fortunately, when you need a deed prepared in Wilmington, NC, Moree Law is here for you. As a real estate attorney with extensive experience preparing deeds, we also have significant expertise in facilitating the real estate closing process in general. Here is an overview of the basic types of deeds so you can better understand this process.
- A quitclaim deed is used to transfer ownership interest that a person has in a property, without a guarantee of the extent of this interest. They are commonly used in two scenarios. In the first, if a couple is divorcing, one individual will sign all of their real estate rights to the other. This is helpful if the real estate is under one person’s name and it isn’t clear how much interest is held by the other. Quitclaim deeds are also used if the title search performed by your real estate lawyer reveals that someone else may have a claim on the property, such as a previous owner or their heir. In this case, the person can transfer any leftover interest by signing a quitclaim deed.
- A grant deed also transfers ownership but also implies that the title has not been encumbered or transferred to someone else already.
- A warranty deed both transfers ownership and promises outright that the property is free of liens or other ownership claims. It guarantees that if this is wrong, the seller will compensate the buyer. It may also include other promises if there are any other problems with the transaction.
We have years of experience in serving the real estate law needs of the greater Wilmington area. With this in mind, there are many reasons as to why you should leave your deed preparation work up to us, as opposed to doing it yourself.
Deed Prep Can Be Difficult
Have you ever done anything similar to a deed prep before? Even if you have, attempting to do so requires following a very specific set of guidelines and instructions. At the end of the day, all you want is to have your document prepared correctly, and in attempting to do so yourself, you will likely find it to be stressful. All you want is to have your document prepared in the proper manner so that you can move on with the overall process.
Moree Law Are Professionals
Brad Moree has been serving the local community for years, starting off as a broker before making a successful transition into the field of real estate law. Brad has a strong reputation in the field of real estate law, and has produced millions in real estate transactions. Brad Moree is Wilmington’s number one choice for an experienced real estate lawyer.
At Moree Law, we focus specifically on real estate law, and we specifically focus on the closing process. We have years of experience in contract drafting and reviews, landlord and tenant issues, and other areas involving real estate. Additionally, we have experience and knowledge of corporate and business law and private equity. Putting the duty of deed preparation in our hands allows you the peace of mind in knowing that your document will be in the hands of an experienced professional.
Deeds Must Be Flawless
When it comes to deed preparation, remember that a deed is a legal document that must be free of errors of any kind. The deed must be prepared accurately, properly and all terms must be stated clearly. Failing to do so can cause you problems in the future, as a document that is ambiguous can easily be a cause of confusion.
With this in mind, having the professionals at Moree Law prepare your deed for you, you’ll be handing off deed preparation duties to a firm that has years of experience in doing so. Letting Moree Law handle your deed preparation will ensure that you will not only be getting a document that’s prepared by professionals, you’ll also get a document that’s prepared exactly as it should be the first time around. Contact us today for all your Wilmington deed preparation needs.
As you can see, real estate deeds are complex legal documents that require a knowledge and experience lawyer. Ready to take advantage of our wealth of real estate law knowledge? We’re ready to help!