What do you need to know about the quitclaim process?

What do you need to know about the quitclaim process?

Here are the basics of the quitclaim process and how it works. A quitclaim deed is a document that can be used to remove an individual’s ownership rights to a piece of property.

What is the definition of a Quit Claim Deed?

To explore this concept, consider the following quit claim deed definition. A deed transferring all of an individual’s right, title, and interest in a parcel of real estate without warranty of title. A quit claim deed transfers any interests a person (the Grantor) has in a specified real property to another person (the Grantee).

Can a quitclaim deed be filled in without an attorney?

Quitclaim deeds are easy to prepare and you can readily fill them in yourself without an attorney. However, these deeds do not guarantee that the seller holds any interest in the property at all, which makes them unacceptable for regular real estate transactions.

How is a quitclaim deed executed in Massachusetts?

Quitclaim deed. But in others, such as Massachusetts, quitclaim deeds are the norm. Execution of a quitclaim deed is relatively simple, and requires little more than both parties signing the deed and, if required in the state where it is executed, having the deed notarized, acknowledged before a notary or with a jurat signed before a notary.

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 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.

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 to quitclaim property?

  • so check with an attorney or look up state-specific requirements online.
  • Obtain the proper form. Forms – and other required legal documents – vary by state so make sure to obtain the proper form.
  • Get a legal description of your property.