Texas Sample Letter regarding Form Contract for Quitclaim Deed
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How to fill out Sample Letter Regarding Form Contract For Quitclaim Deed?
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FAQ
As a property owner and grantor, you can obtain a warranty deed for the transfer of real estate through a local realtor's office, or with an online search for a template. To make the form legally binding, you must sign it in front of a notary public.
There are several types of deeds people use to transfer property in Texas. While all of these deeds are valid in Texas, this doesn't mean real estate attorneys favor them. In fact, while quitclaim deeds are valid, they're not often used in Texas because they're barely considered deeds at all.
Notarization: In order to be recorded in the register of deeds, a quitclaim deed must have been executed before a notary public.
It is merely a document that transfers whatever title may exist in the grantor to a grantee. It doesn't grant any title. It's more in the form of an estoppel than a deed. So a quitclaim deed is an instrument that denies ownership of the property at stake.
In most cases, a quitclaim may not be accepted to transfer title in Texas due to the lack of warranty. Quitclaims do not transfer title. Quitclaims are generally not sufficient in Texas for title companies to insure property title.
A quitclaim deed is used often by divorcing couples to transfer property that was owned by the spouses. The quitclaim transfers one spouse's interests in the property to the receiving spouse. A quitclaim deed is sometimes referred as a ?quick claim deed? or a ?quit claim deed? although these aren't the proper names.
Despite all of this, quitclaim deeds are still a valid, if unreliable, means of transferring title to real property in Texas. This is true even if they ultimately transfer nothing at all.
New Statute of Limitations Affecting Quitclaim Deeds There is a four-year statute of limitations for a prior deed to come into the chain of title and take effect.
