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Due to this, quitclaim deeds typically are not used in situations where the property involved has an outstanding mortgage. After all, it would be difficult for many grantors to pay off a mortgage without proceeds from the sale of the property.

Ohio quitclaim deeds are typically used to transfer real estate when the new owner is providing little or no consideration in exchange for the transfer.

Yes. As of February 1, 2002, Ohio law no longer requires two witnesses to the signing of the seller's quitclaim deed or to other transfers of title to real property such as a mortgage or land contract. You can create a valid deed as long as an authorized public notary notarizes it.

A bargain and sale deed indicates that only the seller of a property holds the title and has the right to transfer ownership. This type of deed offers no guarantees for the buyer against liens or other claims to the property, so the buyer could be responsible for these issues if they turn up.

But in a quitclaim deed, the grantor does not make any promise or warranty. A warranty deed promises that the grantor holds good, clear title to a piece of real estate. It promises also that the grantor has the right and authority right to sell it to the grantee or buyer.

Simple updates to the register More than half are processed in just over a week but in some instances it can take up to a month. However around a fifth of all applications require us to make requests for information (requisitions) which then take considerably longer, with most only being completed after 6 weeks.

Yes, it is possible for you to get your name removed. Since the property is still under mortgage, you need to discuss this with your lender. Generally, it is easier to remove your name if your mother, who will be left on the title deed, is sufficiently financially secure.

If you draw up a valid quit claim deed and record it, you cannot "reverse" the transfer of property interest unless you prove to a court that it resulted from fraud or other illegal influence.

In some instances, however, quitclaim deeds are used when the grantor has a mortgage. In this case, the grantor remains liable for the mortgage even after ownership has transferred through the execution of a quitclaim deed. Quitclaim deeds transfer title but do not affect mortgages.

You can expect a solicitor to complete the process in a few weeks. If there is a mortgage in place, the process can take longer depending on your lender's requirements.