Motion to Rescind Quitclaim Deed Dated on a Specific Date
Form popularity
FAQ
Pennsylvania law uses the name quitclaim deed for deeds that transfer the current owner's interest in property with no warranty. The term may also be written as quit claim deed or as quit-claim deed?both of which are acceptable. Quickclaim deed is a common mistake but is not an actual legal term.
Pennsylvania Quitclaim Deed Laws and Requirements Under Pennsylvania law, a quitclaim deed must contain specific language and be signed by the grantor. To record the deed, the grantor's signature must be acknowledged. Before recording the deed, you will need to pay a recording fee and a transfer tax.
What are the Disadvantages of a Quit Claim Deed? No Protections For The Transaction: Unlike warranty deeds, a quitclaim deeds does not offer protections for the new property owner. There is no way to guarantee that the property is owned free and clear, and that there are no easements or restrictions.
What Is a Quitclaim Deed? Quitclaim deeds are most often for transferring property between family members or to cure a defect on the title, such as a misspelling of a name.
1-Year Subscription. Transfer property in Pennsylvania quickly and easily using this simple legal form. You can use a quitclaim deed to: transfer property to or from a revocable living trust.
Quitclaim deeds are valid and commonly used in California. Title insurers in a few states?including Texas?disfavor quitclaim deeds. In those other states, a deed without warranty (also called a no warranty deed) often substitutes for a quitclaim deed.
If properly executed, a Florida quitclaim deed usually requires two weeks to three months to be recorded. The parties involved in real estate transactions generally seek to record the deed immediately after the closing process is concluded.
A quitclaim deed is often used if the grantor is not sure of the status of the title (whether it contains any defects) or if the grantor wants no liability under the title covenants.