How do I prove no mortgage on my property?

How do I prove no mortgage on my property?

What Documentation Proves a Home Is Owned Free & Clear?

  1. Abstract of Title. Most real estate has an abstract of title that is filed at the county courthouse or other designated place.
  2. Deed. The deed to a property indicates that the ownership has been transferred from one party to another.
  3. Title Search.
  4. Title Insurance.

Where are real estate deeds recorded in North Carolina?

North Carolina Recorder Information. Real estate deeds that transfer property in North Carolina can be recorded to provide constructive notice of the transfer. In most cases, real estate documents are recorded by the register of deeds in the county where the property is located. North Carolina Statute 47-17.1 requires that the preparer…

Can a married person sign a deed of trust in NC?

A married person buying property individually – The owner needs to sign, but their spouse may not be required to sign documents at closing. North Carolina has a specific statute allowing a married buyer of real estate to sign their purchase-money Deed of Trust without requiring the signature of the buyer’s spouse.

Can you sell a house with title in NC?

We understand this is still a legal document, however, if the transfer of Deed is actually recorded, it’s going to trigger the “Due on Sale” clause included in each mortgage we close. The people on the title can sell the property, or lease it out with no restriction, however, in NC there is no right of survivor-ship.

Is there a mortgage tax in North Carolina?

There is no mortgage tax in North Carolina. Imposition of Excise Tax NCGS 105-228.30(a) “An excise tax is levied on each instrument by which any interest in real property is conveyed to another person. The tax rate is one dollar ($1.00) on each five hundred dollars ($500.00) or fractional part thereof of the

A married person buying property individually – The owner needs to sign, but their spouse may not be required to sign documents at closing. North Carolina has a specific statute allowing a married buyer of real estate to sign their purchase-money Deed of Trust without requiring the signature of the buyer’s spouse.

What do you need to know about a North Carolina deed?

The North Carolina deeds are used to convey real estate from one person to another in North Carolina. Deeds are required to have the name of the grantor, the name and address of the grantee, the name of the preparer and an acknowledgment by a notary.

There is no mortgage tax in North Carolina. Imposition of Excise Tax NCGS 105-228.30(a) “An excise tax is levied on each instrument by which any interest in real property is conveyed to another person. The tax rate is one dollar ($1.00) on each five hundred dollars ($500.00) or fractional part thereof of the

What happens when you put a deed of trust on a home?

The deed of trust is a special type of encumbrance on the title of the home. It too sets forth the details and terms of the mortgage loan. But unlike the mortgage document, the deed of trust designates a trustee (often the title company), who actually holds a form of ownership in the home until the loan is fully repaid.