Wayne Michigan Quit Claim Deed (All of Grantor's Interest)
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FAQ
We recommend you contact an attorney to help you draft your document. You may find a draft deed online, through your local library, or another source. You can download this quit claim deed for simple transactions without warranties, such as adding/removing a person(s) to title.
An Indiana quitclaim deed is a document that allows a seller to transfer real estate to a buyer in Indiana. A quit claim does not have any warranties as to title, meaning the seller is not guaranteeing that he or she has clear title to the property.
Does a Quitclaim Deed Expire? A quitclaim deed does not expire because it permanently transfers ownership from one party to another. That being said, the new deed must be filed with the county clerk's office to record the official transfer. If the new deed is not recorded, it can create legal and financial challenges.
Deeds are generally enforceable despite any lack of consideration. The limitation period for actions brought under a deed is generally 12 years, although it is six years for claims for arrears of rent and arrears of interest under a mortgage (sections 8, 19 and 20, Limitation Act 1980).
Recording: Quitclaim deeds must be filed through the County Recorder's Office in the county where the property is located. Each county has its own fee schedule, and the deed must be filed with the appropriate fee. Signing: § 32-21-2-3 requires grantors to sign Indiana quitclaim deeds in the presence of a Notary Public.
Signing (IC § 32-21-2-3) All deed must be executed by one of the following: judge, clerk of a court of record, county auditor, county recorder, notary public, mayor of a city in Indiana or any other state, commissioner appointed in a state other than Indiana by the governor of Indiana, clerk of the city county
The Michigan quitclaim 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.
A Quitclaim Deed is an easy way to transfer title to real estate property (such as a home or land) from one party to another. The person who owns the property signs the Quitclaim Deed stating who will now have legal title to the property.
Step 1: Download the MI quitclaim deed form. Step 2: Add the name and address of the preparer under Prepared By on the first line of the document. Step 3: Add the return address under After Recording Return To. This is typically the name and address of the grantee, but it could be a different party.
Statute of Limitations on a Quitclaim Deed in Michigan For example, challenging a quitclaim deed given by a close family member or a court-ordered sale has a five-year statute of limitations. The statute for bringing a lawsuit based on fraud or on a contract in Michigan is six years.
