Maine Sample Letter regarding Form Contract for Quitclaim Deed
Description
How to fill out Sample Letter Regarding Form Contract For Quitclaim Deed?
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FAQ
Quitclaim or Warranty Deed: Prepare deed and record in the registry of deeds: $350 (does not include county recording fees, or transfer tax (if applicable).
Maine law recognizes several types of deeds for transferring real estate. A Maine quitclaim deed without covenant is a type of deed that transfers all of the signer's rights in Maine real estate with no warranty of title. The new owner receives the entire interest the transferor can legally transfer.
Names(s) of each signer (individuals, corporations, trusts etc.) must be printed beneath signature line. Notary/attorney name (or bar number for attorney) must be printed beneath signature line. Deeds must be accompanied by a declaration of value form (transfer tax form) and transfer tax, if tax is due.
The only way to add or remove a name on a deed is to have a new deed recorded. Once a document is recorded, it cannot be altered. In order to protect your legal interests, we strongly suggest that you contact an attorney to have this done for you.
A quitclaim deed without covenant, by definition, has no express warranty or language giving rise to implied covenants of title. The new owner bears all risk of problems with the property's title and cannot sue for breach of warranty if title problems arise.
Recording ? Like all deeds in Maine, this deed must be acknowledged by a notary and filed with the Registry of Deeds in the County in which the property is located. Real Estate Transfer Tax (§ 4641) ? Must be filed with an accompany deed and can be completed Online or with the Printable Form.
