This Quitclaim Deed by Two Individuals to Husband and Wife form is a Quitclaim Deed where the Grantors are Two Individuals 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 form complies with all state statutory laws.
North Dakota Quitclaim Deed by Two Individuals to Husband and Wife
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State:
North Dakota
Control #:
ND-03-77
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Word;
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FAQ
Ex said he can do loan modification but lender requires I sign a quit claim deed before it can be modified and decree will need amendment removing clause that house is to be sold.Ex said Quit Claim will supersede decree and no amendment needs to be done.
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.
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.
A quitclaim deed doesn't always need to be signed before the divorce is final. Your divorce judgment will detail the terms of your property settlement agreement, and the requirement for transferring title will likely be incorporated into this agreement.
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.
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.
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.