Where do you file a quitclaim deed for real estate?

It is common to file the deed with the county clerk in the county where the property is located, but in some states this is not required. Quitclaim deeds are a fast and easy way to move property among family members or to place real estate into a trust. They are not a method to use when selling real estate. Ready to get your Quitclaim Deed?

What happens when you sign a quitclaim deed?

A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own. Deed transfers of any kind impact only the ownership and do not change or affect any mortgage on the property.

What do I need to transfer title by quitclaim?

To transfer title by quitclaim, a quitclaim deed form must be in writing to be valid. This legal document includes a legal description of the property that is being deeded, the county it is located in, date of transfer, and the names of the grantor (person transferring the property) and grantee (person receiving the property).

Do you need an attorney for a Quit Claim Deed?

A quit claim deed transfers the legal ownership of the property from one party to another, and doesn’t require attorneys or legal help, unless you choose to consult an attorney. Though this is an optional step, it is best to consult a real estate attorney prior to completing and filing a quit claim deed.

How do you file a Quit Claim Deed?

Filing with the Clerk. A quit claim deed should be filed with the Clerk of Court in the county where the property is located. This will involve taking the deed to the Clerk’s office and paying the required filing fee (typically about $10.00 for a one-page quit claim deed).

How do you write a Quit Claim Deed?

Write the Deed. Fill out the quit claim deed form, which can be obtained online, or write your own using the form as a guide. The person giving up the interest in the property is the grantor, and the person receiving the interest is the grantee.

When do you need to get a quitclaim deed?

A quit claim deed is usually filed when someone is giving up their interest in a property. It is commonly used in divorce, when one spouse gives up his right, title and interest to the property to the other spouse. Procure your state’s quitclaim deed form.

How long does a quitclaim deed take?

It only takes days (7 maximum) for the Recorder’s Office to process and record the deed and the filing fee is dependant upon how many pages the deed consists of. Generally it’s about $30.00 to file a quitclaim deed.

When to use a quit claim on a property?

Parents would quit their claim on a piece of property, granting it to their children. Quit claims are also used to add or remove a spouse from the property title, usually as a result of marriage or divorce. For instance, if a wife receives a home in a divorce, the husband may sign a quitclaim deed to remove his interest in the property.

Is there any protection from a quitclaim deed?

If the property comes with what is known as a “special-purpose deed”—which could be a correction deed, a deed of gift, or a deed of release —it usually offers no more protection than a quitclaim deed. Be sure to consult a qualified real estate attorney: Deeds are important legal documents that affect ownership interests and rights.

How to transfer a property by quitclaim in Illinois?

For a property deed transfer by quitclaim in Illinois, you must use the form that’s used in the county where the property is located. If the property is located in a county other than the one in which you live, call the County Recorder of Deeds in the other county to determine the proper quitclaim deed form to use.

What is the purpose of quit claiming a property?

A quitclaim deed is a legal instrument that is used to transfer interest in real property. The entity transferring its interest is called the grantor, and when the quitclaim deed is properly completed and executed, it transfers any interest the grantor has in the property to a recipient, called the grantee.

How many times can I Quit Claim the same property?

No, there is no cap. However, once you quit claim the property, it is no longer yours, unless you quit claim it to yourself. Not sure what you are trying to accomplish, but you should hire an attorney who can make sure your quit claim deed is done correctly.

How much does it cost to prepare a Quit Claim Deed?

A lawyer either charges a flat fee or an hourly fee to prepare a quitclaim deed. Rates vary by state and law office but typically fall in the range of $200 to $400 per hour.

Does quit claim give whole or partial ownership?

Another use of the quit claim deed is to transfer all or partial ownership of the property between people who know each other well. For example, transferring partial ownership to a new spouse or business partner or a parent transferring ownership to a child.