Where can I get a quit claim deed form? How to submit one? There might many such questions haunting you as the world of real estate can be confusing esp. the legal procedure. That’s because there are so many different types of legal documents to handle. The legal documents are very important when it comes to real estate transactions. Huge amounts of money are involved, it is always better to have all the details in black and white. In the event there is a dispute, the aggrieved party can seek justice from the courts.
If you are married and you want your wife to have a share in your real estate property, how can you transfer or divide the share in the title? You can simply sign up quitclaim deed form to transfer a certain portion of the property to her.
People who own several properties or real estate, at some point in their lives, wants to give away one of their property to their brother, spouse, child, grand child or anyone as a gift. In these cases, the owner is required by law to conduct a settlement action to ensure that him or her no longer claim interest in the Property.
A quitclaim deed, also known by many as quick claim deed, is a legal document that authorizes such transfer. It is used in the transfer of an interest in a property to another person. By its very name, means that the owner abandons any claim on a house or land. The person who has left the claim is known as the grantor and the one accepting the property is called the grantee. The licensee assumes all risks, especially if they guarantee and is not on the title.
The fact, however, is that it only transfers the interest and no warranty if the grantor actually has property rights over the property in question. It also does not guarantee that the property is in no debt. To be applicable, the writing must be signed by the grantor after a notary must sign and seal the same. In some states, however, witnesses and other dealers are obliged to put their signatures too. Apart from a notary public, officials of other states can also authenticate the writing.
There are different situations in which a quitclaim deed can be of great help. For married couples, the spouse who was able to buy a property before marriage can add or remove the name of your husband or wife or title. In a divorce situation, the couple can transfer ownership of marital property to one spouse.
During the sale of a house, a quitclaim deed is executed at closing ownership interest and transfers it from seller to buyer. In other words, the seller has full property rights, and warrants that he or she no longer go after whatever happens.
If a state of life is involved, the grantor can maintain their right to own property, even after signing a quitclaim deed. A state of life usually gives the owner the absolute right to remain in the property until death. It is only after the death of the owners, the dealer or grantee is able to get the right to own property. It is important to understand that once the deed is signed, it will be difficult to reverse or undo the work. Only if the dealer agrees to quitclaim the property back the previous owner, may have the property back. Otherwise, the donor will have to show proof that the transfer was invalid.
Another important aspect to consider is the mortgage on the existing property. When a quitclaim deed is signed, not really free the owner of the existing mortgage. Some arrangements should be made for payments to continue. For example, the mortgage can be refinanced with the new owner taking over all future payments.
A quitclaim deed is a valid option to waive interest in a property. However, since the transfer of rights of ownership or property is not guaranteed by this document, it is best accompanied by a warranty deed.
Where To Get A QuitClaim Deed Form
To make a quitclaim deed, first you need to download a specific county Quitclaim Deed Form. The waiver form could be available at the local estate office. The form then has to be filled with all the details about the property, the grantor(s) and the grantee(s). It is mandatory to mention the names of all current owners and dealers as well; otherwise you might consider removing the existing ones.
1) Locate the property records office of the county in which the house is located. The office may be called county records office, county clerk’s office, register of deeds or office property records, depending on where you live.
2) Visit the office of property records and request a copy of the quitclaim deed to the address in question.
3) Complete the relevant form and pays the appropriate fee. The forms you need and associated charges depend on where you live.
If you are not sure you have filled the form correctly, ask your real estate lawyer to review. You may have to be recognized in the presence of a notary, depending on the state. In most cases, quitclaim deed signed is a simple and effective way to give all the interest in a property. The fact is recorded in the land records office in the county where your property is located.
Advantage of the quitclaim deed is that it is a wonderful tool for real property unencumbered. This type of writing is an excellent medium for the transfer of real property between family members as a division of an estate. Writing may be legal, with or without the purchase of real estate. In other words, a person can donate or sell these rights of the property for a price with a quitclaim deed.
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