Why would you quit claim deed to yourself?

Quitclaim deeds are most often used to transfer property between family members.Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners divorce and one spouse's name is removed from the title or deed.

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District of Columbia Quitclaim Deed - Individual to Individual

District Of Columbia Quick Claim Deed Form

Name: District of Columbia Quitclaim Deed - Individual to Individual
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.85 (368 reviews)

Category:

District of Columbia Real Estate - Deeds - Quitclaims

State:

District of Columbia

Control #:

DC-01-77

Format:

Instant download

Description

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

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How to fill out District Of Columbia Quitclaim Deed - Individual To Individual?

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FAQ

Once the quitclaim deed is signed and notarized, it is a valid legal document. But the grantee must also have the quitclaim deed recorded in the county recorder's office, or with the county clerk -- whoever has the authority to record deeds and property transfers.

The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.

Fill out the quit claim deed form, which can be obtained online, or write your own using the form as a guide. The person giving up the interest in the property is the grantor, and the person receiving the interest is the grantee.

If the claimant is an entity organized under DC laws or is doing business in DC, the claimant must provide a copy of their current license to file a lien in addition to a certificate of good standing from the Department of Consumer and Regulatory Affairs issued within 180 days prior to the date of filing the lien.

But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.A quitclaim deed, for example, is far simpler than a warranty deed.

A Quitclaim Deed must be notarized by a notary public or attorney in order to be valid.Consideration in a Quitclaim Deed is what the Grantee will pay to the Grantor for the interest in the property.

Quitclaim deeds are most often used to transfer property between family members.Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners divorce and one spouse's name is removed from the title or deed.

District Of Columbia Quick Claim Deed Form

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Why would you quit claim deed to yourself?

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