Quitclaim Deed Erase For Free

A quitclaim deed is a legal instrument which is used to transfer interest in real property. The entity transferring its interest is called the grantor, and when the quitclaim deed is properly completed and executed, it transfers any interest the grantor has in the property to a recipient, called the grantee.

For example, suppose there are two people listed on the deed to the property. In order to remove any one of these names, aka owners of the property, an attorney would draft a new deed, and then file the document with the appropriate registry of deeds in Massachusetts where the property is located.

There is no legal requirement that a quit claim deed be prepared or filed by an attorney. However, people often do no complete even a statutory form correctly. Also, it is generally considered the unauthorized practice of law for someone who is not a party to the transaction to prepare it.

To take someone's name off a deed, a new deed must be prepared to transfer the property from all of the current owners to all of the remaining owners.

The way a quitclaim deed works is that this type of transfer makes no seller guarantees. It merely states that the seller transfers any ownership interest to the buyer. So if the seller has absolutely no ownership interest in the property, that's precisely what transfers in a quitclaim deed to any buyer.

Statute Title 16, Chapter 1 of the Oklahoma Statutes: A quitclaim deed may use the following language substantially ?do hereby quitclaim, grant, bargain, sell and convey.? Signing Requirements § 16-4: The grantor's signature, acknowledged before a notary or specific officials, suffices for a valid quitclaim deed.

The quitclaim deed must be signed in front of a Notary Public. Finally, this paperwork must be filed with the local County Clerk's office for the transaction to become effective and legally binding.

What is the cost to file an Oklahoma deed? County clerks in Oklahoma charge $18.00 for recording a deed's first page and $2.00 for each additional page.

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.

The biggest risk to using a quitclaim deed is that there are no guarantees of actual ownership, so you might not actually have a legal right to own the property. In a worst-case scenario, a grantor could transfer the property title to you and lie about being the true owner.