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8 Δεκ 2022 · This overview by the North Carolina real estate attorneys at Wilson Ratledge will help you understand the basics of buying property in North Carolina, including how to inspect properties, contract and negotiate deals, and more. What Rights Do Buyers Have Under North Carolina Real Estate Law?
Unlike with vehicles, a real estate title is not a physical document; instead, the term is used to describe the concept of the ownership of a piece of property. On the other hand, a deed is the physical legal document used to legally transfer title from one party to another.
In the real estate context, title refers to the legal ownership of a property. When you own a piece of property, you are said to “hold the title” to that property, and you have the right to use, occupy, and sell that property.
12 Ιαν 2023 · At a typical real estate closing in North Carolina, there will be several key players: the buyer, the seller, their respective attorneys and a title company representative or an attorney who oversees the closing process.
NC REALTORS® lawyers have created articles and Q&As on a wide variety of legal topics that are very relevant to your real estate practice. These appear in Insight magazine, NC REALTORS® weekly newsletter and other media, and have been archived and organized so that you can easily locate one that may be of interest to you.
1 Σεπ 2023 · In order to transfer property from one person or corporation to another, you must go through the process of a real estate closing. Real estate closings in North Carolina are always completed by licensed real estate attorneys, but this is not the case for every state.
11 Σεπ 2019 · Below is a very simple chart, followed by relevant statutes regarding NC legal requirements for closing real estate transactions and issuance of title insurance coverage. These are in addition to anything required by federal law or RESPA.
