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Pennsylvania Quitclaim Deed from Corporation to Individual

Pennsylvania Quitclaim Deed from Corporation to Individual

Name: Pennsylvania Quitclaim Deed from Corporation to Individual
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.75 (373 reviews)

Category:

Pennsylvania Real Estate - Deeds - Quitclaims

State:

Pennsylvania

Control #:

PA-011-77

Format:

Instant download

Description

This Quitclaim Deed from Corporation to Individual form is a Quitclaim Deed where the Grantor is a corporation and the Grantee is an individual. Grantor conveys and quitclaims the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.

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FAQ

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 divorce and one spouse's name is removed from the title or deed.

Transfer property quickly and easily using this simple legal form. You can use a quitclaim deed to:transfer property you own by yourself into co-ownership with someone else. change the way owners hold title to the property.

A quitclaim deed transfers title but makes no promises at all about the owner's title.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.

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.

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.

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.

But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.A quitclaim deed, for example, is far simpler than a warranty deed.

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.

Pennsylvania Quitclaim Deed from Corporation to Individual

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Why would you quit claim deed to yourself?

Can you quit claim a deed to yourself?

Does a quitclaim deed give you ownership?

What are the disadvantages of a quit claim deed?

What happens if I sign a quit claim deed?

Can I quit claim my property to anyone?

Can I prepare my own quit claim deed?

Why would someone do a quit claim deed?

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Pennsylvania Quitclaim Deed from Corporation to Individual

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