This form is a Quitclaim Deed where the granters are husband and wife and the grantee is a corporation. Upon ordering, you may download the form in Word, Rich Text or Word perfect formats.
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This document is a legally binding quitclaim deed executed by a husband and wife transferring real estate to a corporation, including notary acknowledgments and signatures.
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How to fill out quitclaim deed
How to fill out Quitclaim Deed
01
Obtain a Quitclaim Deed form from a legal stationery store or online.
02
Enter the name of the grantor (the person giving away the interest) at the top of the form.
03
Enter the name of the grantee (the person receiving the interest) after the grantor's name.
04
Clearly describe the property in the legal description section, including address and any parcel numbers.
05
State the consideration (the value exchanged) in the deed, even if it is nominal, such as 'for love and affection'.
06
Have the grantor sign the deed in front of a notary public to validate the document.
07
Confirm that the notary public is properly licensed and that the acknowledgment is accurately completed.
08
Record the Quitclaim Deed with the appropriate county office where the property is located to make it official.
Who needs Quitclaim Deed?
01
Individuals transferring property between family members or friends.
02
People divorcing to legally transfer property ownership.
03
Trustees or executors transferring property from a trust or an estate.
04
Anyone wishing to quickly convey interest in a property without a title search.
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What are the disadvantages of a quit claim deed?
The bottom line: Understanding quitclaim deeds However, because quitclaim deeds don't guarantee the title is free and clear, they aren't suitable for typical real estate transactions. In short, quitclaim deeds are for transferring property – not buying a home.
What is the meaning of quitclaim?
Generally, a quitclaim is a formal renunciation of a legal claim against some other person, or of a right to land. A person who quitclaims renounces or relinquishes a claim to some legal right, or transfers a legal interest in land.
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.
Why would someone use a quitclaim deed?
A quitclaim deed is a simple tool for transferring interest in a property without guaranteeing that the grantor has valid ownership. It's most commonly used in non-sale situations, such as transfers between family members, or to update or clarify ownership titles.
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.
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What is Quitclaim Deed?
A Quitclaim Deed is a legal document used to transfer ownership interest in a property from one party to another without providing any warranty or guarantee of the title's validity.
Who is required to file Quitclaim Deed?
Typically, the grantor (the person transferring the property) is responsible for filing the Quitclaim Deed with the appropriate county or state office.
How to fill out Quitclaim Deed?
To fill out a Quitclaim Deed, you need to provide the grantor's and grantee's names, a legal description of the property, the county where the property is located, and any applicable signatures along with the date.
What is the purpose of Quitclaim Deed?
The purpose of a Quitclaim Deed is to transfer the interest in a property from one person to another quickly and with minimal legal requirements, often used among family members or in divorce settlements.
What information must be reported on Quitclaim Deed?
The Quitclaim Deed must report the names of the grantor and grantee, the legal description of the property, the date of the conveyance, and it may also require notarization.
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