Columbus Ohio Quitclaim Deed - One Individual to Three Individuals

State:
Ohio
City:
Columbus
Control #:
OH-024-77
Format:
Word; 
Rich Text
Instant download

Description

This form is a Quitclaim Deed where the grantor is an individual and the the grantees are three individuals. Grantor conveys and quitclaims the described property to grantees. This deed complies with all state statutory laws.

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  • Preview Quitclaim Deed - One Individual to Three Individuals
  • Preview Quitclaim Deed - One Individual to Three Individuals
  • Preview Quitclaim Deed - One Individual to Three Individuals
  • Preview Quitclaim Deed - One Individual to Three Individuals
  • Preview Quitclaim Deed - One Individual to Three Individuals
  • Preview Quitclaim Deed - One Individual to Three Individuals

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FAQ

The Deed Transfer Department transfers the owner's name and address on the real estate tax list and duplicate. The department also collects the transfer tax/ conveyance fee ($4.00 per $1,000 of sale price) and the transfer fee ($. 50 per parcel).

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.

?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).

Once a deed is recorded it cannot be changed. We recommend you consult a real estate attorney or title company to prepare a new deed. If a married couple held the property jointly as tenants by entireties and one spouse dies, it is not necessary to remove that spouse's name from the deed.

Yes you can. This is called a transfer of equity but you will need the permission of your lender.

If you need to remove a name from a title deed for a property with a mortgage on it, you will need written consent to do so from the lender. Generally, it is easier to obtain this if the person(s) left on the title deed is (are) sufficiently financially secure.

Typical Quitclaim Fees 50 per parcel number (the number of parcels multiplied by $. 50). The conveyance fee varies by county and is usually between $1 and $4. For example, in Franklin County, the conveyance fee is $3 per every $1,000 of the real property or manufactured home sale price.

The lender will need to be satisfied that you will be able to afford the mortgage as the sole mortgagor. The mortgage lender will then need to give you written consent in order to remove the other party from the deeds to your house. The lender will require the change in ownership to be carried out by a solicitor.

A quitclaim deed is a legal instrument which is used to transfer interest in real property. The entity transferring its interest is called the grantor, and when the quitclaim deed is properly completed and executed, it transfers any interest the grantor has in the property to a recipient, called the grantee.

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Columbus Ohio Quitclaim Deed - One Individual to Three Individuals