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Transferring Indiana real estate usually involves four steps: Locate the prior deed to the property. ... Create the new deed. ... Sign the new deed. ... Record the original deed.
Deeds, power of attorneys, and other legal documents that involve legal consequences of actions must be prepared by an attorney.
An Indiana quit claim deed form (sometimes called a quick claim deed or quitclaim deed) transfers Indiana real estate from the current owner (grantor) to the new owner (grantee) with no warrant of title.
Indiana allows the use of POD (payable on death)/TOD (transfer on death) on any type of property interest including bank accounts, investments, and even titles to vehicles since 2009. However, this article discusses the use of TOD Deeds to transfer Indiana real property.
In Indiana, a previously recorded deed can be corrected by recording a second deed, called a correction or corrective deed. The sole purpose of such a document is to prevent potential title flaws, which may create problems when the current owner attempts to sell the property to a third party.
How do I add my spouse to my deed in Indiana? You will need to have the quitclaim deed notarized with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
NounLaw. a transfer of all one's interest, as in a parcel of real estate, especially without a warranty of title.
Indiana. In Indiana, a quitclaim deed must be notarized in order to make the transaction official. There must be a legal description of the property that matches other records for it.