This form is a Quitclaim Deed where the grantors are husband and wife and the grantees are husband and wife. Grantors convey and quitclaim the described property to grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. This deed complies with all state statutory laws.
Michigan Quitclaim Deed from Husband and Wife to Husband and Wife
Category:
State:
Michigan
Control #:
MI-017-77
Format:
Word;
Rich Text
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FAQ
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 Michigan quitclaim deed form provides no warranty of title. That means that the new owner has no legal right to sue the prior owner if there is a problem with the title to the property. The new owner simply takes whatever title that the prior owner has.
In order to transfer ownership of the marital home pursuant to a divorce, one spouse is going to need to sign a quitclaim deed, interspousal transfer deed, or a grant deed, in order to convey the title to the property.
If the quitclaim deed requires the signature of all co-owners, the deed is invalid unless all co-owners have signed it and the deed is then delivered to the grantee.If one individual owns real estate and desires to add a co-owner such as a spouse, a quitclaim deed might be used.
In Michigan, a quit claim deed must be signed by a witness, in addition to the notary, to make it legal.After all required signatures are collected and notarized, file the document with your local register of deeds to complete the transaction.
Signing: § 565.201 requires that the grantor sign the document in front of a notary public. Recording: All quitclaim deeds in Michigan must be filed with the Michigan Register of Deeds in the county where the property is located.
It is also crucial that a spouse know about the loan, even if he or she is not on the mortgage. In general, the spouse must sign a deed of trust, the Truth in Lending and Right to Cancel documents. By signing these documents, they are simply acknowledging the existence of the mortgage.
No, in most states, the Grantee is not required to sign the Quitclaim Deed. However, some counties do require that the Quitclaim Deed be signed by the Grantee in addition to the Grantor.Whether or not you need witnesses in addition to a notary public for your Quitclaim Deed depends on your location.
There will be a $30 recording fee. If you prepare a quitclaim deed using the Do-It-Yourself Quitclaim Deed (after Divorce) tool, detailed instructions on what to do next will print out along with the deed.