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A Quit Claim Deed is used to transfer the joint ownership into sole ownership. More specifically, the Quit Claim Deed removes one spouse's name from the title. The document is prepared by a lawyer. It is then filed with the recorder of deeds in the county where the property is located.
Warranty Deed Rules and Requirements The name and address of the individual who prepared the deed. The name and address of the current owner (also called the grantor) The name and address of the new owner (also called the grantee) Original signature of the grantor (note: the grantee does not need to sign the deed)
Quit claim deeds are common in divorces when one spouse grants his or her rights in real estate from the marriage over to the other spouse. A warranty transfers ownership and explicitly promises the buyer that the seller has good title to the property.
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
The current owner making the transfer (the grantor) must sign a Missouri deed. The grantor's signature (and any other required signatures) must be made in black ink or another sufficiently dark color. The signer's name must be typed, printed, or stamped immediately beneath the signature.
How to Create a Missouri Warranty Deed Form The current owner's name and marital status; The new owner's name and address; A valid legal description of the property; A granting clause transferring title to the new owner; and. The current owner's notarized signature.
Special warranty deeds provide the grantee with greater protection than a quitclaim deed, but less protection than a general warranty deed. There are also certain deeds tied to the office or position of the grantor, such as: Trustee's deeds.