This form is a Quitclaim Deed where the Grantors are three individuals and the Grantee is an Individual. Grantors convey and quitclaim the described property to Grantee. This deed complies with all state statutory laws.
Indianapolis Indiana Quitclaim Deed - Three Grantors to One Grantee
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State:
Indiana
City:
Indianapolis
Control #:
IN-027-77
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FAQ
Transfer on Death Deed Form ? A popular deed form that is specifically authorized by Indiana law to transfer property to designated beneficiaries upon the death of an owner....How to Transfer Indiana Real Estate Locate the prior deed to the property.Create the new deed.Sign the new deed.Record the original 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.
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.
Yes you can. This is called a transfer of equity but you will need the permission of your lender.
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.
You will need to have the quitclaim deed notarized with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
The person who owns the property signs the Quitclaim Deed stating who will now have legal title to the property.
?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).
The Indiana quit claim deed form gives the new owner whatever interest the current owner has in the property when the deed is signed and delivered. It makes no promises about whether the current owner has clear title to the property.
General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.