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California Quitclaim Deed from an Individual and a Trust to a Trust

Modesto California Quitclaim Deed from an Individual and a Trust to a Trust

Name: Modesto California Quitclaim Deed from an Individual and a Trust to a Trust
Brand: US Legal Forms
Rating: 4.63 (334 reviews)

Category:

California Real Estate - Deeds - Quitclaims

State:

California

City:

Modesto

Control #:

CA-041-77

Format:

Instant download

Description

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

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FAQ

California mainly uses two types of deeds: the ?grant deed? and the ?quitclaim deed.? Most other deeds you will see, such as the common ?interspousal transfer deed,? are versions of grant or quitclaim deeds customized for specific circumstances.

What is a trust deed. A trust deed is a voluntary agreement between you and the people you owe money to (also called your creditors). You agree to pay a regular amount of money towards your debts and at the end of a fixed time the rest of your debts will be written off.

Prior to payment of the debt, the lender was entitled to possession of the property. Use of the deed of trust with power of sale was developed to get around some of the restrictions of the mortgage and the required judicial foreclosure, a time consuming lawsuit.

Recording Fee for Quitclaim DeedType of FeeFeeBase Fee G.C. § 27361(a) G.C. § 27361.4(a) G.C. § 27361.4(b) G.C. § 27361.4(c) G.C. § 27361(d)(1) G.C. § 27397 (c) Subsection 1$15.004 more rows

The difference between a deed and a deed of trust is the type of ownership interest each document conveys. A deed is a full ownership interest. A deed of trust is a security interest.

A trust transfer deed is the instrument that effectuates the transfer of ownership of your real-estate from you, as an individual, to your trust. The process of creating and then recording a trust transfer deed is how your property becomes a trust asset (thereby avoiding probate, among other benefits).

The California TOD deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.

The California quitclaim deed form gives the new owner whatever interest the current owner has in the property when the deed is signed and delivered. It makes no promises about whether the current owner has clear title to the property.

Today, Californians most often transfer title to real property by a simple written instrument, the grant deed. The word ?grant? is expressly designated by statute as a word of conveyance. (Civil Code Section 1092) A second form of deed is the quitclaim deed.

Interesting Questions

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To complete a Quitclaim Deed, you must name the grantor and grantee. Either party can be an individual, corporation, or trust.What are some common uses for quitclaim deeds? The Trustee will take title to the fol lowing land l ocated in. Instead title is often vested in the trustee of the trust.

Modesto California Quitclaim Deed from an Individual and a Trust to a Trust

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What are the 2 main types of deeds to transfer property in California?

What is the purpose of a trust deed?

Why does California use deed of trust?

How much does it cost to file a quit claim deed in California?

What is the difference between a deed and a trust deed?

What is a trust transfer deed California?

What is a transfer deed in California?

How does a quit claim deed work in California?

What is the most commonly used deed to transfer property in California?

What are the 2 main types of deeds to transfer property in California?

Interesting Questions

What is a Quitclaim Deed?

Why would someone use a Quitclaim Deed?

What parties are involved in a Quitclaim Deed transaction?

What's the difference between an individual and a trust as grantor?

What does it mean to transfer a property from an individual and a trust to a trust?

Is a Quitclaim Deed the only type of deed used for property transfer?

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