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Mississippi Quitclaim Deed from Two Individuals to Two Individuals

Mississippi Quitclaim Deed from Two Individuals to Two Individuals

Name: Mississippi Quitclaim Deed from Two Individuals to Two Individuals
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.64 (335 reviews)

Category:

Mississippi Real Estate - Deeds - Quitclaims

State:

Mississippi

Control #:

MS-03-79

Format:

Instant download

Description

This Quitclaim Deed from Two Individuals to Two Individuals form is a Quitclaim Deed where the Grantors are individuals and the Grantees are individuals. Grantors convey and quitclaim the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. This deed complies with all state statutory laws.

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How to fill out Mississippi Quitclaim Deed From Two Individuals To Two Individuals?

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FAQ

Once you sign a quitclaim deed and it has been filed and recorded with the County Clerks Office, the title has been officially transferred and cannot be easily reversed. In order to reverse this type of transfer, it would require your spouse to cooperate and assist in adding your name back to the title.

Discuss property ownership interests. Access a copy of your title deed. Complete, review and sign the quitclaim or warranty form. Submit the quitclaim or warranty form. Request a certified copy of your quitclaim or warranty deed.

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.

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.

Before a quitclaim deed can be recorded with a county recorder in Mississippi, the grantor must sign and acknowledge it. The names, addresses, and telephone numbers of the grantors and grantees to the quit claim deed, along with a legal description of the real property should be provided on the first page (89-5-24).

Yes, you can use a Quitclaim Deed to transfer a gift of property to someone. You must still include consideration when filing your Quitclaim Deed with the County Recorder's Office to show that title has been transferred, so you would use $10.00 as the consideration for the property.

The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.

A quitclaim deed affects ownership and the name on the deed, not the mortgage. 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.Quitclaim deeds transfer title but do not affect mortgages.

Mississippi Quitclaim Deed from Two Individuals to Two Individuals

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FAQ

What happens if I sign a quit claim deed?

How do I remove a joint tenant from a deed?

Does a quitclaim deed give you ownership?

Why would someone do a quit claim deed?

How do I file a quit claim deed in Mississippi?

Can I quit claim my property to anyone?

What are the disadvantages of a quit claim deed?

Does a quit claim deed mean you own the property?

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