This form is a Quitclaim Deed where the grantor is an individual and the grantees are four individuals. The grantees take the property as tenants in common OR as joint tenants with the right of survivorship. Grantor conveys and quitclaims the described property to grantees. This deed complies with all state laws.
Michigan Quitclaim Deed - One Individual to Four Individuals
Category:
State:
Michigan
Control #:
MI-027-77
Format:
Word;
Rich Text
Instant download
Description Example Of A Quit Claim Deed Completed
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Michigan Quitclaim Deed Other Form Names
Quick Claim Deed Form Michigan
How To Fill Out A Quit Claim Deed In Michigan
Michigan Quit Claim Deed Form
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Michigan Quit Claim Deed Example
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Completed Quit Claim Deed Example 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 person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.
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 get divorced and one spouse's name is removed from the title or deed.
Yes, you can use a Quitclaim Deed to transfer a gift of property to someone. You must still include consideration when filing your Quitclaim Deed with the County Recorder's Office to show that title has been transferred, so you would use $10.00 as the consideration for the property.
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.
Once you sign a quitclaim deed and it has been filed and recorded with the County Clerks Office, the title has been officially transferred and cannot be easily reversed. In order to reverse this type of transfer, it would require your spouse to cooperate and assist in adding your name back to the title.
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.
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.