Because of the uncertainty that comes with quitclaim deeds, it is common to think that these documents are unreliable and aren’t worth the risk. The reason it is more commonly used among family is because of the trust that commonly exists, unlike a transaction involving two (2) unfamiliar parties. A Quitclaim Deed, also known as a non-warranty deed, transfers a property owner’s interest to another person without guaranteeing that the owner has full rights to the property. Depending on each state’s particular “recording statute,” this could result in the grantee (s) losing their claim to the property. The quit claim deed form templates may thus come in handy in such situations. No information needs to be (or should be) entered into this section by the grantor or preparer. For example, if state law requires the grantor to sign the form before a Notary Public, and they did not do so, this may constitute a procedural error in the eyes of the law. Each state has its own statutory requirements for quitclaim deed forms. 2. This type of deed grants whatever rights to the property the seller (or grantor) has in the property, but does not guarantee those rights. Step 3 – The legal description should then be entered and it should, per most State laws, contain the Map and Lot numbers as detailed by the County/Town Assessors (or Land Records) office along with the Deed Book and Page Numbers provided by the Recorder’s Office. The description does not have to look similar to the example provided – however, it should contain detailed information that adequately describes the property. Quitclaim deeds are also an excellent means to transfer real property into a living trust. Available for PC, iOS and Android. Both you and the buyer will be required to show a valid form of identification to the notary. Write the day, month, and year in which the deed is being completed, followed by the name of the grantor (owner of the property), and the grantor’s full address (may or may not be the grantor’s current address). Without this document, an individual may not be able to record and prove their ownership of the property. The quit claim deed offers ZERO protection to the buyer (or receiver). Some of the additional information includes: Warranty deeds offer the most buyer protection and take the most time to set up. The reason it is strongly recommended that the form be filed as soon possible is that failure to do so leaves the grantee (s) vulnerable to having another party record their conveyance for the same property before they do. It’s an invaluable asset when used in the proper means. Because the form does not provide any guarantee to the grantee that there is no interest on the property (debt, errors with the deed, other owners, etc. A quitclaim deed form (or quit claim) is a legal document where the Grantor (or owner/seller) releases their ownership rights of a piece of real property to the Grantee (or purchaser). The most secure digital platform to get legally binding, electronically signed documents in just a few seconds. The deed is just a valueless piece of paper and nothing is transferred. wedophones.com. Afterward, the deed is usually filed with the Recorder’s Office in the County where the real estate is located or other recognized offices. Whether the deed can be filed after death will also depend on any particular conditions noted in the deed and the nature of the title being held. QUIT CLAIM DEED Individual(s) to Individual(s) Minnesota Uniform Conveyancing Blanks Form 10.3.1 (2011) DEED TAX DUE: $ DATE: (month/day/year) FOR VALUABLE CONSIDERATION, (insert name and marital status of each Grantor) hereby conveys and quitclaims … The quit claim deed offers ZERO protection to the buyer (or receiver). Delaware Quit Claim Deed Form: Adobe PDF . Quitclaim deeds are used for: Since this deed offers the least amount of buyer protection, it is often used for transferring properties between people that trust each other—such as family members. There … A title company can provide the quit claim deed form during a closing, for example, if a buyer is taking out a mortgage in their name only but wants to transfer ownership to the spouse. The deed will already have given the title to the appropriate beneficiary making the probate process short or completely unnecessary. The form may be filed at the respective office below: Our support agents are standing by to assist you. You would be surprised then to learn that there are a lot of practical and convenient uses for a quitclaim deed. PDF; Size: 113 KB. File Format. Washington Quit Claim Deed Form. The Indiana quitclaim deed is a document that allows a seller to transfer real estate to a buyer in Indiana. Typical arrangements between family members include parents passing on their house to their adult children or siblings trading real property with each other. 86 Quit Claim Deed Form free download. The Numerical Day of the Month the Deed is executed. Enter your official identification and contact details. Step 2 – In the body of the form, the State and County where the property is located must be filled-in followed by the purchase price (if it was gifted then the price should be set at $1.00). As long as the title and claim of the property are legitimate, there would be few means of contesting the transfer of the real estate in this way. A quit claim deed is a form for transferring interest (ownership) in property from one person (the grantor) to another (the grantee). Followed by the Grantor(s) name, marital status, and mailing address. The most secure digital platform to get legally binding, electronically signed documents in just a few seconds. Filing out a quit claim deed form might be easy, but it will NOT guarantee title. A quitclaim deed is imperative when one is planning to transfer his or her property to a family member. This same document may also be used to delete, add or even change the name on a title within specific perimeters of the law. Quitclaim deeds make it quick and easy to arrange properties after marriages or divorces. Formatting requirements not being property followed, Another person (who was previously unknown) having an interest (ownership) in the property, or. If available, it may be more straightforward to file a Transfer on Death Deed (also known as a Beneficiary Deed).