Indiana Quitclaim Deed for Mineral / Royalty Interest
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How to fill out Quitclaim Deed For Mineral / Royalty Interest?
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FAQ
Recording Requirements: Indiana Code § 32-21-4-1: Take the signed and notarized Indiana quitclaim deed form to the County Recorder's Office in the county where the property is located. Each county has its fee schedule and the deed must be filed with the appropriate recording fee.
A general warranty deed is a promise from the grantor that they own the property absolutely, they are granting that ownership to the grantee, and that there are no encumbrances (easements, restrictions, liens, etc.) other than the ones expressly listed in the deed.
A quit claim deed form must include the following information: the names of the grantor (the person transferring the property) and the grantee (the person receiving the property), the legal description of the property being transferred, and the date the transfer is taking effect.
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.
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.
Due to this, quitclaim deeds typically are not used in situations where the property involved has an outstanding mortgage. After all, it would be difficult for many grantors to pay off a mortgage without proceeds from the sale of the property.
