Michigan Sample Letter for Quitclaim Deed for Foreclosed Property

State:
Multi-State
Control #:
US-0762LTR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

How to fill out Sample Letter For Quitclaim Deed For Foreclosed Property?

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FAQ

Witnesses are no longer required for recording a document. The following documents require a notary: Warranty Deed. Quit Claim Deed.

In Michigan, a deed must be signed by the grantor, notarized, and recorded to the Register of Deeds for the property transfer to be considered valid and effective.

Documents executed in Michigan which convey or encumber real estate require a notary's acknowledgment. Documents must be on 8.5" x 11" or 8.5" x 14" paper and must have a 2.5" top margin for the first page, and a minimum 0.5" margin on the other three sides of all pages.

Once a quitclaim deed has been signed, delivered, and recorded with the appropriate county recorder's office, it typically cannot be reversed or ?undone? by the grantor (the person who transferred their property interest).

A deed and title similarly refer to the ownership of a property, but there are key differences to be aware of as you venture into the home-buying (or selling) process. Remember that while a title refers to your ownership of a property, a deed is the physical document used to prove and transfer that ownership.

A Michigan warranty deed provides the new owner with the most protection of Michigan's deeds?covering all potential title problems (unless expressly excluded from the warranty). Other Michigan deeds provide the new owner less protection or no protection against title problems.

If a deed is not recorded, it is virtually impossible for the public to know that the transfer of the property occurred, and the legal owner of the property could appear to be the prior owner rather than the new grantee. Numerous problems can then occur.

Each county's form requires the same basic information, including the names and addresses of the grantee and grantor, the property description (which you can get from a prior deed to the property or from the County Register of Deeds Office), and the amount of money being exchanged for the property.

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Michigan Sample Letter for Quitclaim Deed for Foreclosed Property