Excise taxes are taxes paid when purchases are made on a specific good. A quitclaim deed has no warranties or title, and only operates to turn property from a seller to a buyer. A warranty deed says there is no outstanding claims on the property. It includes a statement that the grantor owns the property free and clear of all liens.
This deed most often represents a transfer of property, tells the world that the grantor is the rightful owner, and can transfer that ownership when it is sold or exchanged. Many states require that you use a witness in addition to a notary public in order for the deed to be deemed valid, including:. Louisiana requires two witnesses in addition to a notary public. Michigan, Ohio, and Vermont have required a witness in addition to the notary public in the past but no longer do so.
Will a Quit Claim Deed Be Reversed by Divorce in Texas?
How much does it cost to remove a person's name from a property deed? Some lawyers offer one-hour free consultations, which could help you cut down on costs. Make sure you have all of the appropriate paperwork with you when you go to meet with your lawyer so that you make the most of your time spent with them. Some legal advisers can get your deed processed and sent to you for review and signature within two days, but it typically takes five to seven business days.
Go to site. Forms of property ownership types include: Sole ownership. A single person owns the property. Joint tenancy. Multiple people own the property.
Rights of survivorship. Tenants in common. Tenancy by entirety. The name of the grantor and grantee and address of the property. The date of the transfer.
How to remove someone’s name from a property deed
The county name, state and city where the deed is signed. The reason for the transfer. What the grantor will receive from the transfer — for example, a sum of money. The relevant county, legal property description, tax parcel ID number and other relevant financial or tax info. The form of ownership. How do I remove the name of a deceased person from a deed? Notarized affidavit. This is a voluntary, sworn statement used by courts to confirm the death and your new ownership.
The new deed.
You and any new owners will need to sign and notarize the new property deed and provide it with your other paperwork. Need More Help? Access a database of licensed lawyers based on your legal needs Positively reviewed by customers User-friendly interface Wide range of legal support categories. Services can get expensive Free review by a document specialist. LegalShield Legal Plans. Coverage for you, your spouse, partner and dependent children Legal advice and representation Letters and phone calls on your behalf Legal document review.
Add ons can get expensive. LegalShield aims to make comprehensive legal coverage simple. Rocket Lawyer. Instant access to a library of user friendly legal documents Fast access to a network of certified lawyers Free minute consultations Reduced rates in select services. Services can get expensive. How much of a portion he would be entitled to would depend on your state's distribution laws, as well as evidence you could present to the court about your financial situation.
Get an attorney. Melissa's Question : In our divorce, my ex was awarded the family home and assumes all indebtedness owed and holds me harmless. He is in the process of selling the home and asked me to sign a Quitclaim Deed to transfer all my rights, title, and interest to him. By signing this document, does this mean that I will get nothing from the house when he sells? Is there anything I can do to make sure that I am not getting "messed over" in this situation? Brette's Answer : If the court awarded him the house, then he is the only one who would profit from the sale.
Signing the quitclaim is the step you need to take to comply with the court order. If you wanted your share of the equity in the house, you needed to have asked for that during the divorce case.
Texas Quit Claim Deed
You should have an attorney review all the paperwork with you if you are confused or unsure. Christy's Question : I got the house in the divorce. The deed is now in both mine and my present husband's name. My ex was ordered to make mortgage payments as child support. The house is currently up for sale and my ex is trying to make me put some money from the sale into an account for our 2 children but I need the money to buy a new home.
Can he do this since he has already signed away his rights and interest in the house? Brette's Answer : If the court has ordered that you own the home, you can do anything you want with the proceeds of the sale. Lauri's Question : We are getting a divorce, but I probably can't qualify for refinancing for at least 5 years because I'm currently a full-time student with little income. If my husband is involved in a legal action, can I lose my home? Would a quitclaim deed protect me?
Brette's Answer : Getting the deed in your own name is the answer.
You can either do this through a divorce proceeding, or by getting your husband to sign a quit claim deed to relinquish his rights to the house. Having his name on the mortgage does not equal an ownership interest. It just means if you don't pay the bank will go after him for money. Deb's Question : I have been separated for four years and am attempting to sell my house.
My former partner is refusing to sign the Quitclaim form. Is this form really necessary for me to sell my house? Brette's Answer : Even though he is not on the title, your husband may have a legal right to claim a share in the house, and this is why they are asking for a quit claim deed. They want to make sure the title is clear before selling. Most lawyers will advise their buying clients to get this and not to close without it. You could go ahead and get a divorce, clearing title on it. Otherwise you most likely do need to get a signed quit claim deed.
Sharon's Question : My ex-husband was ordered to "execute" a quit claim deed for jointly owned property on Indian owned land. Who is required to pay them - him or me? Brette's Answer : You should check with your attorney, but generally the person filing the forms is responsible for the fees. Peggy's Question : My ex signed the quit claim deed, but insisted it be held by his attorney. The court granted this in a memorandum. The memorandum also stated his attorney was the trustee of this record.
It has been over a month and his attorney has not filed the deed with the county record's clerk.
It is invalid until it is recorded in the county records. My attorney is unconcerned about this.
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If my ex dies, or loses his job, or the mortgage payments are not made, does his attorney then own the home? Can he sell it as part of estate, because he is the trustee? Brette's Answer : The court's order would apply to your ex's estate.
Creating a Quitclaim:
His attorney would never own the home. Darla's Question : My spouse and I have executed a separation agreement giving me an equity payout upon his refinancing or us selling the home.
He is in the process of refinancing the mortgage to remove me from loan, which should be approved soon, and is scheduling a closing. Is it okay to sign the quit claim deed prior to the closing, or would my interests cease once I sign for his refinancing without the quit claim? Brette's Answer : The quit claim removes you as owner.