Arkansas Sample Letter to Client regarding Quitclaim Deed Delivery - cover Letter
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How to fill out Sample Letter To Client Regarding Quitclaim Deed Delivery - Cover Letter?
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FAQ
An Arkansas quitclaim deed has the same capacity to transfer title to real estate as Arkansas' other deed forms. However?because a quitclaim deed has no covenants or warranty of title?the transferor does not promise that the transferee will actually receive good, clear title to the property.
Recording ? All quitclaims are to be submitted to the Circuit Court (See Map) along with the required filing fee. Signing ? A quitclaim deed has the requirement of the Grantor(s) signing in front of a notary public and 2 disinterested witnesses.
Unlike a Warranty Deed, the Quitclaim Deed does not include any guarantees about the Property's title. All a Quitclaim Deed does is transfer the exact same rights the owner has at that specific time. If there are outstanding claims against the property, the buyer will be subject to all of the claims.
$3.30 per $1,000 of actual consideration on transactions that exceed $100 (Dept. of Finance and Administration). This Real Property Transfer Tax must be paid when submitting the quitclaim deed.
What Does it Cost to Have Arkansas Deeds Prepare an Arkansas Quitclaim Deed? In most cases, an Arkansas Quitclaim Deed costs $300 to prepare, and $15 for the first page and $5 for each additional page in recording costs. For a typical quitclaim deed, the total cost is $320 (a $300 lawyer fee and $20 in recording fees).
When transferring property, a seller (often called the grantor), writes out a deed, transferring property to the buyer (often called the grantee). The deed is then recorded with the recorder in the county in which the property is located.
QUITCLAIM DEED ? The Quick Easy Solution All a Quitclaim Deed does is transfer the exact same rights the owner has at that specific time. If there are outstanding claims against the property, the buyer will be subject to all of the claims.
This deed must be signed, notarized, and recorded in the county where the property is located. ... Must list the name and address of the person who prepared this deed. Quitclaim deeds are typically used in situations where no one is paying for the property. ... List the name of the current owner of the property.
