This form is a Quitclaim Deed where the grantors are two individuals and the grantees are two individuals. Grantors convey and quitclaim the described property to grantees as tenants in common or joint tenants with the right of survivorship. This deed complies with all state statutory laws.
Colorado Springs Colorado Quitclaim Deed - Two Individuals to Two Individuals
Category:
State:
Colorado
City:
Colorado Springs
Control #:
CO-08-77
Format:
Word;
Rich Text
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How to fill out Colorado Quitclaim Deed - Two Individuals To Two Individuals?
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FAQ
Yes you can. This is called a transfer of equity but you will need the permission of your lender.
?Adding someone to a deed? means transferring ownership to that person. The transfer of ownership can occur during life (with a regular quitclaim deed, for example) or at death (using a lady bird deed, transfer-on-death-deed, or life estate deed).
As a homeowner, you have the ability to execute a quitclaim deed to change ownership, and you don't need to refinance the mortgage loan to file a quitclaim deed. Filing a quitclaim deed will change only the property's ownership and title, not anything regarding the loan.
Laws. Signing (§ 38-35-103) ? The quitclaim deed in Colorado must be acknowledged in front of a notary public.
The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owner's interest in the property.
A quit claim deed can be obtained from an attorney, a real estate agent, from one of the many businesses that sell legal documents or even downloaded online. Be sure to specify that the deed is for Colorado. The only parties required to sign the quit claim deed are the grantor and the notary public.
For any type of real estate title transfer, you'll need to fill out the appropriate forms and have all parties sign in front of a notary. The new owner is responsible for filling out a Real Property Transfer Declaration form and recording the deed at both the recorder's and county clerk's offices.
Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.
A Colorado quitclaim deed transfers property from the current owner (the Grantor) to a new owner (the Grantee). To avoid probate, many people will quit claim the property from themselves to themselves and a child in joint tenancy.