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A quitclaim deed only transfers the grantor's interests in a piece of real estate. It does not create any warranties on the title. Only whatever part of the land the grantor owns, if any, will transfer to the grantee. A warranty deed contains a guarantee that the grantor has legal title and rights to the real estate.
A Fiduciary Deed is a Release Deed and is generally used by a grantor who is an Executor or Administrator of an estate to convey the decedent's property. It is also used by a Trustee of a Testamentary Trust, a Guardian, or Conservator.
Contact an attorney to prepare a quitclaim deed. Choose the way you want to hold the title. Sign the quitclaim deed as directed by your attorney. File the deed with the county's register of deeds so it can be recorded on public record.
You must tell HM Land Registry when you change the registered owner of your property, for example if you're transferring it into another person's name, or if you want to add your partner as a joint owner. Download and fill in an application to change the register.
Yes you can. This is called a transfer of equity but you will need the permission of your lender. If you are not married or in a civil partnership you may wish to consider creating a deed of trust and a living together agreement which we can explain to you.
Fiduciary deeds are just one of several types of deeds used in property transfers. This type is used to transfer property such as real estate when the owner can't sign a deed for legal or other reasons. Fiduciary deeds are commonly employed when settling estates and the original owner of the property is deceased.
A Massachusetts (MA) quitclaim deed is used to legally transfer land or other property in Massachusetts with no guarantee that the seller (grantor) has the right to transfer to the buyer (grantee).
It is possible to be named on the title deed of a home without being on the mortgage. However, doing so assumes risks of ownership because the title is not free and clear of liens and possible other encumbrances.If a mortgage exists, it's best to work with the lender to make sure everyone on the title is protected.
Instead, you can add the person to your mortgage deed by contacting your title company and paying the required fee, but certain situations may warrant adding a co-borrower to your mortgage loan. If you marry or add someone to your deed, the person may agree to pay all or a portion of your home loan.