Get the free QUITCLAIM DEED - modot

This document serves as a quitclaim deed from the Missouri Highways and Transportation Commission to the grantee, transferring property rights to a specified tract of land in Barton County, Missouri.

How to fill out quitclaim deed - modot

How to fill out QUITCLAIM DEED

1. Obtain a QUITCLAIM DEED form from a legal stationery store or online.
2. Fill in the names of the granter (the person giving up the interest) and grantee (the person receiving the interest).
3. Provide a legal description of the property being transferred. This can usually be found on the property's deed or tax records.
4. Specify the consideration (the value exchanged, usually a nominal amount, or it can be left blank).
5. Sign the QUITCLAIM DEED in the presence of a notary public to ensure it's legally valid.
6. File the QUITCLAIM DEED with the appropriate county recorder's office to make it official.

Who needs QUITCLAIM DEED?

1. Individuals transferring property ownership to a family member or friend.
2. Divorcing couples dividing real estate.
3. Property owners wishing to clear up title issues.
4. People adding or removing someone from the property title.

People Also Ask about

What are the disadvantages of a quit claim deed?

Purchasing property claim via a quitclaim deed is risky because it does not guarantee that the seller has clear title or any ownership interest at all; meaning you could end up with no legal claim to the property if there are undisclosed issues.

What is a quitclaim deed in simple terms?

What does a quitclaim deed do? A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property.

Who benefits the most from a quitclaim deed?

Many people mistakenly believe that a quitclaim deed offers the same protections as a warranty deed. In reality, the quitclaim deed provides no guarantees about the property's ownership history. If there are competing claims or disputes about who owns the property, a quitclaim deed will not resolve them.

What does quitclaim mean in English?

quitclaim in American English 1. the release or relinquishment of a claim, action, right, or title. 2. a deed or other legal paper in which a person relinquishes to another a claim or title to some property or right without guaranteeing or warranting such title.

What are the negatives of a quit claim deed?

Quitclaim deeds are typically used to transfer property in non-sale situations, such as transfers of property between family members.

For pdfFiller’s FAQs

What is QUITCLAIM DEED?

A quitclaim deed is a legal document used to transfer interest in real property from one party to another without making any warranties about the property title.

Who is required to file QUITCLAIM DEED?

Typically, the person transferring the property interest, known as the grantor, is required to file the quitclaim deed, although it is often recommended for the grantee or recipient to also ensure it is recorded.

How to fill out QUITCLAIM DEED?

To fill out a quitclaim deed, one must provide details such as the names of the grantor and grantee, a description of the property, and the date of transfer. It usually requires signatures and may need to be notarized.

What is the purpose of QUITCLAIM DEED?

The purpose of a quitclaim deed is to relinquish any interest the grantor has in the property to another party without guaranteeing that the title is clear of other claims.

What information must be reported on QUITCLAIM DEED?

Information that must be reported on a quitclaim deed includes the names of the parties involved, the property description, the date of the transfer, and, in some cases, signatures and notarization.