Quitclaim Deeds

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Easily create a Deed document to transfer real estate ownership!

Get three different Deed options in one easy-to-use software title. Changing the owner's name on a property requires either a Quitclaim Deed (the most common document to revise property ownership), a Warranty Deed (a document that revises ownership guaranteeing clear title without liens), or a Survivorship Deed (a document that grants ownership of a property after the death of the current owner to the persons named).

Get all three documents in one straight-forward software package from DIY Legal!

 

If you have the need to transfer title on a piece of real estate, then invariably you will need to create, execute and file a Deed.

A Deed is the document that transfers ownership in property from one living person or legal entity to another.

When closing an arms-length real estate sale (a transaction not between family members purchased at market rate), the buyer pays the seller who in turn provides the Deed to the buyer. The buyer then files the Deed with the recorder's office or real estate office in the county where the property is located to complete the transaction.

If a person wishes to transfer property to a spouse, child, friend, family member, etc. without creating and signing a real estate contract or for an amount far under market value, the family can simply prepare a Deed. The family member(s) who will hold ownership in the property are named in the Deed, and then the Deed is executed and filed.

A Deed also may be commonly utilized:

- in Divorce situations, any change in ownership for real estate held within the marriage may necessitate the use of a Quitclaim Deed. If one person is going to keep the home, the other person will need to "quit claim" -- give up -- their portion of the home.

- if a Living Trust or other estate-planning tool (besides a Last Will & Testament,) is prepared, persons must transfer ownership of the real estate into the Trust; to make such a transfer requires the use of a Quitclaim Deed.

QUITCLAIM DEED
This deed can be used when transferring or conveying property from one party to another without representation or warranties. This type of deed is generally used in "AS-IS" sales situations, or for transfers among family members, Trusts, etc., where an arms-length real estate sale does not take place.

WARRANTY DEED
This deed is the one most commonly used for general real estate transactions. This deed "warrants" that the property is being transferred with clear title (i.e. without encumbrances except those that are filed on record). Most arms-length sales of residential property utilize a warranty deed.

SURVIVORSHIP DEED
Deeds created "with survivorship" mean that if one of the named owners dies, the other listed owner(s) retains full title to the property. (Such a deed also permits one spouse who owns property in his or her name only to transfer that property to both spouses with survivorship.) Options to this structure include a Quitclaim Deed with Survivorship and a Warranty Deed with Survivorship.

Each of the Warranty Deed and Quitclaim Deed options listed above are available for the following marital status situations:

- Married couple transferring property to another married couple;

- Married couple transferring property to a single individual;

- Single individual transferring property to a married couple;

- Single individual transferring property to another single individual;

- A variety of forms that cover transfers to and from unmarried couples;

- And finally, a Quitclaim Deed that allows individuals or couples to transfer property into a Trust (or, conversely, from a Trust back to individuals or a married couple).

The deeds with Survivorship language are available for the following marital status situations:

- Married couple transferring property to another married couple;

- Single individual transferring property to a married couple;

- A variety of forms that cover transfers to and from unmarried couples.
The wide variety of options available from Standard Legal allows a person to quickly, easily and affordably create a Deed for the specific situation, with each Deed tailored to the writer's marital status and the marital status of the others involved in the transaction.

Easily create a Deed document to transfer real estate ownership!

Get three different Deed options in one easy-to-use software title. Changing the owner's name on a property requires either a Quitclaim Deed (the most common document to revise property ownership), a Warranty Deed (a document that revises ownership guaranteeing clear title without liens), or a Survivorship Deed (a document that grants ownership of a property after the death of the current owner to the persons named).

Get all three documents in one straight-forward software package from DIY Legal!

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