Quitclaim Deed Explained

State:
Oklahoma
Control #:
OK-016-78
Format:
Word; 
Rich Text
Instant download

Description

This Quitclaim Deed from Husband to Himself and Wife form is a Quitclaim Deed where the Grantor is the husband and the Grantees are the husband and his wife. Grantors convey and quitclaim the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. This deed complies with all state statutory laws.

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FAQ

If you think a quitclaim deed may be appropriate for you, consult an estate planning attorney. They can draft a quitclaim deed for you transferring ownership of the real property from the grantor (or property owner) to the grantee (person receiving the interest). You should sign the deed in front of a notary public.

How do you file a quitclaim deed form in New York? A legal description and address of the property being deeded. The county the property is located in. The date of the transfer. The grantor's (person relinquishing ownership) name. The grantee's (person receiving ownership) name.

A quitclaim deed form will require the following information: Assessor's Parcel Number. Document transfer tax or exemption and city tax. names of the grantors (the current owners of the property as described on the current deed as well as the form of title or disclaiming parties)

Due to this, quitclaim deeds typically are not used in situations where the property involved has an outstanding mortgage. After all, it would be difficult for many grantors to pay off a mortgage without proceeds from the sale of the property.

If you're preparing the quitclaim deed yourself, make sure to enter the property description just as it appears on an older deed of the property. If you can't find an old deed, check with the County Recorder of Deeds in the county where the property is located. They can tell you where to get a copy of an earlier deed.

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Quitclaim Deed Explained