Difference between revisions of "Get a Quit Claim Deed"
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=== Preparing the Document=== | === Preparing the Document=== | ||
| − | #Make sure a quit claim deed is the right type of deed for your transfer. A quit claim deed is most commonly used to transfer a property title from one family member to another. It differs from the more common warranty deed in that it offers no guarantees with regard to the property - in other words, it transfers the property to the new owner ‘as is’.<ref>http://www.biggerpockets.com/renewsblog/2011/07/08/quit-claim-deed-title-insurance/</ref> This is not always the best way to protect both parties when transferring a property title, so it's important to do some research before using this method. | + | #Make sure a quit claim deed is the right type of deed for your transfer. A quit claim deed is most commonly used to transfer a property title from one family member to another. It differs from the more common warranty deed in that it offers no guarantees with regard to the property - in other words, it transfers the property to the new owner ‘as is’.<ref name="rf1">http://www.biggerpockets.com/renewsblog/2011/07/08/quit-claim-deed-title-insurance/</ref> This is not always the best way to protect both parties when transferring a property title, so it's important to do some research before using this method. |
| − | #*You might use a quit claim deed if you and your sibling or parent jointly own a piece of property and you want to "quit" your claim on the property by transferring the title to someone else.<ref>http://homeguides.sfgate.com/can-quit-claim-deed-myself-1496.html</ref> | + | #*You might use a quit claim deed if you and your sibling or parent jointly own a piece of property and you want to "quit" your claim on the property by transferring the title to someone else.<ref name="rf2">http://homeguides.sfgate.com/can-quit-claim-deed-myself-1496.html</ref> |
#*The laws regarding quit claim deeds vary from state to state, so do some research to find out whether a quit claim deed is right for your situation. | #*The laws regarding quit claim deeds vary from state to state, so do some research to find out whether a quit claim deed is right for your situation. | ||
#*Consider hiring an attorney to help you draw up the deed and complete the transfer. This way you can be sure the deed is correctly done and drawn up according to state law. | #*Consider hiring an attorney to help you draw up the deed and complete the transfer. This way you can be sure the deed is correctly done and drawn up according to state law. | ||
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#Print the deed and get the required signatures. Both the grantor and the grantee should sign the document. | #Print the deed and get the required signatures. Both the grantor and the grantee should sign the document. | ||
#Get the document notarized. The Grantor’s signature should be notarized. You can usually find a notary public at any banks or law office. Notaries generally charge a nominal fee for their services. | #Get the document notarized. The Grantor’s signature should be notarized. You can usually find a notary public at any banks or law office. Notaries generally charge a nominal fee for their services. | ||
| − | #Record the deed at the county recorder’s office or registry of deeds. Each county, or parish, will have a different procedure and fee for recording a quit claim deed, so you may want to call ahead and ask for instructions.<ref | + | #Record the deed at the county recorder’s office or registry of deeds. Each county, or parish, will have a different procedure and fee for recording a quit claim deed, so you may want to call ahead and ask for instructions.<ref name="rf2" /> |
#Wait for your recorded quit claim deed to arrive in the mail. Many recorder and registry offices can have your recorded quit claim deed in the mail to you within a few days. Your recorded copy of the Deed is the official record of who owns the property, so put it up in a safe place. | #Wait for your recorded quit claim deed to arrive in the mail. Many recorder and registry offices can have your recorded quit claim deed in the mail to you within a few days. Your recorded copy of the Deed is the official record of who owns the property, so put it up in a safe place. | ||
