Get Quitclaim Deed Maryland

A Maryland quit claim deed is used to transfer property in Maryland from one person to another. Unlike a warranty deed, the quit claim does not include any guarantee as to the title. The seller is merely transferring whatever interest he may or may not have in the property to the buyer.

For a flat fee of $240 - $250 in most cases (plus governmental recording fees) the firm can in most circumstances have an attorney prepared deed ready for signature in 2-4 business days.

To change the names on a real estate deed, you will need to file a new deed with the Division of Land Records in the Circuit Court for the county where the property is located. The clerk will record the new deed.

As a prerequisite to recording, quitclaim deeds must be endorsed with the certificate of the collector of taxes of the county where the property is assessed. Quitclaim deeds must be signed by the grantor in the presence of a notary public. Witnesses are not required for conveyances of real estate in Maryland.

A deed to be recorded can be prepared by an attorney licensed in Maryland or by one of the parties named in the deed. It is critical that each step is followed precisely and that the wording of the dead is accurate. Otherwise, an intended deed transfer may not be effective.

A deed to be recorded can be prepared by an attorney licensed in Maryland or by one of the parties named in the deed. It is critical that each step is followed precisely and that the wording of the dead is accurate. Otherwise, an intended deed transfer may not be effective.

Transfer Taxes Transfer tax is at the rate of . 5 percent of the actual consideration, unless they are a first-time Maryland home buyer purchasing a principal place of residence, in that case the transfer tax rate is . 25 percent of the actual consideration.

In a quitclaim deed, the grantor makes no promises that they have a good title to the property. The grantor does not even promise that they own the property. Instead, the grantor only transfers whatever interest, if any, they have in the property.