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Alabama Quitclaim Deed from Two Individuals to an Individual

Birmingham Alabama Quitclaim Deed from Two Individuals to an Individual

Name: Birmingham Alabama Quitclaim Deed from Two Individuals to an Individual
Brand: US Legal Forms
Rating: 4.78 (468 reviews)

Category:

Alabama Real Estate - Deeds - Quitclaims

State:

Alabama

City:

Birmingham

Control #:

AL-020-77

Format:

Instant download

Description

This form is a Quitclaim Deed where the Grantors are two individuals and the Grantee is an individual. Grantors convey and quitclaim the described property to Grantee. This deed complies with all state statutory laws.

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FAQ

Alabama Quitclaim Deed Laws Alabama law dictates that a quitclaim deed must be notarized by a certified Notary Public or signed by two (2) witnesses (§ 35-4-20). Turning your home into a rental?

Unless an exception applies, a deed transfer tax must be paid when the deed is recorded (Alabama Code § 40-22-1). The amount of the Alabama deed transfer tax is $0.50 for every $500 of property value.

If you need to remove a name from a title deed for a property with a mortgage on it, you will need written consent to do so from the lender. Generally, it is easier to obtain this if the person(s) left on the title deed is (are) sufficiently financially secure.

The lender will need to be satisfied that you will be able to afford the mortgage as the sole mortgagor. The mortgage lender will then need to give you written consent in order to remove the other party from the deeds to your house. The lender will require the change in ownership to be carried out by a solicitor.

The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owner's interest in the property.

Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.

How Do Quitclaim Deeds Work for Investors in Alabama? In Huntsville and in the State of Alabama, quitclaim deeds work just the same. The deed transfers the interest that the current owner of a property has to a new owner. Once the deed is signed and delivered, the new owner will then have those interests.

Yes you can. This is called a transfer of equity but you will need the permission of your lender.

You will need to have the quitclaim deed notarized with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.

?Adding someone to a deed? means transferring ownership to that person. The transfer of ownership can occur during life (with a regular quitclaim deed, for example) or at death (using a lady bird deed, transfer-on-death-deed, or life estate deed).

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Can the Recording office tell me if there are any liens recorded on my property? 14 pagesMissing: Birmingham ‎AlabamaIn the two separate conspiracies.

The record of said liens, in that case it must either be on the record of plaintiff in error, or by the order of the Court. ‎ Appears in 24 books from Page 21 on his own property, or where his place of abode is his own house, and he does not give bail.

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Birmingham Alabama Quitclaim Deed from Two Individuals to an Individual

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How to fill out Birmingham Alabama Quitclaim Deed From Two Individuals To An Individual?

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FAQ

Does a quitclaim deed have to be notarized in Alabama?

How much does it cost to transfer a deed in Alabama?

How do you take someone's name off the deeds of a house?

How do I remove my ex partner from house deeds?

How do I remove someone from a deed in Alabama?

How do I add someone to my deed in Alabama?

How does a quitclaim deed work in Alabama?

Can you add someone to a title deed?

How do I add my spouse to my deed in Alabama?

What does adding someone to the deed mean?

Interesting Questions

What is a Birmingham Quitclaim Deed?

Why would someone use a Quitclaim Deed in Birmingham?

What does a Birmingham Quitclaim Deed do for the buyer?

Do I need a lawyer to complete a Birmingham Quitclaim Deed?

Can a Birmingham Quitclaim Deed be used to transfer property with an outstanding mortgage?

What happens if there are undisclosed issues with the property after a Birmingham Quitclaim Deed is signed?

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