This form is a Quitclaim Deed where the Grantor is a business entity such as a corporation or limited liability company and the Grantee is an Individual. Grantor conveys and quitclaims the described property to Grantee. This deed complies with all state statutory laws.
Indiana Quitclaim Deed - Business Entity Grantor by Attorney-in-Fact to Individual Grantee
State:
Indiana
Control #:
IN-07-80
Format:
Word;
Rich Text
Instant download
Description
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FAQ
In Indiana, the individual who acts as the Attorney-in-Fact for the business entity must sign the quitclaim deed. This person represents the entity and has the authority to transfer property ownership. It's important to include the name and title of the signer to ensure clarity in the document. For assistance in preparing this deed correctly, you can utilize US Legal Forms, which offers user-friendly templates.
To create an Indiana Quitclaim Deed - Business Entity Grantor by Attorney-in-Fact to Individual Grantee, specific requirements must be met. You need the names of the parties involved, a legal description of the property, and appropriate signatures. Additionally, the deed should be notarized to ensure its validity. Using US Legal Forms can simplify this process and provide the required templates tailored to Indiana law.
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.
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.
Once the quitclaim deed is signed and notarized, it is a valid legal document. But the grantee must also have the quitclaim deed recorded in the county recorder's office, or with the county clerk -- whoever has the authority to record deeds and property transfers.
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.
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.In this case, the grantor remains liable for the mortgage even after ownership has transferred through the execution of a quitclaim deed.
A quitclaim deed is dangerous if you don't know anything about the person giving you the property. You should be sure that a person actually has rights to a property before signing it over with a quitclaim deed.
Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.
It's usually a very straightforward transaction, but it's possible for a quitclaim deed to be challenged. If a quitclaim deed is challenged in court, the issue becomes whether the property was legally transferred and if the grantor had the legal right to transfer the property.