![]() The difference between a quitclaim deed and a special warranty deed is that a quitclaim deed must be written. As a result, the buyer accepts the risk that the grantor may not own a valid interest in the property. The title insurance policy is not required in addition to a quitclaim deed. A spouse can be added to a property title once married, or a child can be assigned to an inheritance. Quitclaim deeds are used to transfer property that is not for sale. Quitclaim deeds are also used to clear up title issues or to transfer property after a divorce.Ī quitclaim deed grants a person the right to occupy a piece of property without revealing the extent of that right. Quitclaim deeds are commonly used in situations where the grantor wants to make a gift of the property to the grantee, or when the grantor wants to sell the property and the grantee wants to buy it without going through a formal process. The person transferring the property, known as the grantor, gives up all claims to the property and transfers any ownership interest that they may have to the recipient, known as the grantee. Each deed that transfers real estate must start the process at the Auditor's Office.Ħ) The deed is filed at the Franklin County Recorder's Office.A quitclaim deed is a legal document that is used to transfer ownership of real property from one person to another. There is a notary at the Franklin County Auditor's Office. (You cannot just attach the entire prior deed because conveyance standards prohibit multiple grantor/grantee clauses in one deed.)ĥ) Each grantor must sign the deed in front of a notary public. You will get a good idea of what goes in each blank by reading what comes before and after the blank.Ģ) Enter all the names of the current owners of the property as the grantors on the deed.ģ) Enter all the names of the persons you want to be owners of the property as the grantees. Note: if you are adding a name to the deed, you list the current owner and the new owner both as grantees.Ĥ) Attach the legal description of the property from the prior deed. You can obtain a clean copy of the legal description from the Franklin County Recorder's Office. How to fill out the deed forms from the Franklin County Law Library:ġ) Read the entire form carefully. Please also see the Franklin County Deeds tab of this guide for information about the County Auditor and Recorder's Offices and their role in transfer and recording of real estate. ![]() The ease at which the quitclaim deed can be executed (it requires little more than both parties signing the document and having it notarized where required, and filed with the appropriate governmental agency with the proper fees paid) is partly to blame for the "quick claim" misnomer associated with the deed. An example use for a quitclaim deed is in divorce, whereby one spouse terminates any interest in the jointly owned marital home, thereby granting the receiving spouse full rights to the 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. Unlike most other property deeds, a quitclaim deed contains no title covenant and thus offers the grantee no warranty as to the status of the property title.īecause of this lack of warranty, quitclaim deeds are most often used to transfer property between family members, as gifts, placing personal property into a business entity (and vice versa) or in other special or unique circumstances. A quitclaim deed is a legal instrument which is used to transfer interest in real property. ![]()
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