This form is a Quitclaim Deed where the grantor is an unmarried individual and the grantee is a corporation. Upon ordering, you may download the form in Word, Rich Text or Wordperfect formats.
Indiana Quitclaim Deed from Individual to Corporation
Category:
State:
Indiana
Control #:
IN-06-77
Format:
Word;
PDF;
Rich Text
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FAQ
A quitclaim deed affects ownership and the name on the deed, not the mortgage. Because quitclaim deeds expose the grantee to certain risks, they are most often used between family members and where there is no exchange of money.Quitclaim deeds transfer title but do not affect mortgages.
Step 1: Find your IN quitclaim deed form. Step 2: Gather the information you need. Step 3: Enter the information about the parties. Step 4: Enter the legal description of the property. Step 5: Have the grantor sign the document in the presence of a Notary Public.
A quitclaim deed transfers title but makes no promises at all about the owner's title.A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.
A quitclaim deed is a deed (proof of ownership) that is passed from a grantor (the existing property owner) to a grantee (the new property owner) that does not have a warranty.A quitclaim deed has no guarantees for the grantor or grantee.
The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.
But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.A quitclaim deed, for example, is far simpler than a warranty deed.
A quitclaim deed is quick and easy because it transfers all of one person's interest in the property to another.The deed transfers all claims the seller has to the property, if any. If the seller has no interest in the real estate, no interest is transferred.