Colorado Springs Colorado Quitclaim Deed - Individual, Husband and Wife to Husband and Wife

Name: Colorado Springs Colorado Quitclaim Deed - Individual, Husband and Wife to Husband and Wife
Brand: US Legal Forms
Rating: 4.56 (231 reviews)

Category:

Colorado Real Estate - Deeds - Quitclaims

State:

Colorado

City:

Colorado Springs

Control #:

CO-023-77

Format:

Instant download

Description

This form is a Quitclaim Deed where the Grantors are an Indidivual, a Husband and a Wife and the Grantees are a Husband and Wife. Grantors convey and quitclaim the described property to Grantees. The Grantees take the property as tenants in common or as joint tenants with a right of survivorship. This deed complies with all state statutory laws.

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FAQ

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

To file a Colorado quitclaim deed form, you must bring your signed and notarized quitclaim deed to the county clerk where the property is located. Make sure that you bring any required fees as well. Create a free Colorado Quit Claim Deed in minutes with our professional document builder.

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.

To change the names on a real estate deed, you will need to file a new deed with the Division of Land Records in the Circuit Court for the county where the property is located. The clerk will record the new deed.

One good reason to add a spouse to the deed of your home is for estate planning purposes, which may allow the property to transfer to your spouse outside the probate process, depending on the transfer language utilized in the granting clause. Another reason is for creditor purposes.

?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).

If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.

Laws. Signing (§ 38-35-103) ? The quitclaim deed in Colorado must be acknowledged in front of a notary public.

We recommend you consult with an experienced real estate lawyer for professional advice as each circumstance is unique. (Please note, the fee for our office to add someone to your deed is $650.00, plus recording costs and documentary stamps ? recordings costs are normally less than $50.00.)

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.

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Quitclaim Deeds can be complicated legal documents. It's important to note that married individuals who wish to file for sole ownership may need to file for a quitclaim deed.This is commonly used when transferring property between family members or when changing the deed to add or remove a party, like a spouse. Property purchased before the date of the marriage. A quitclaim deeds affects only how the property is titled. It has no effect on the debts or loan obligations of both husband and wife. The trust will then transfer ownership of the home to your spouse. Contractual obligation in the vast majority of real estate contracts. A quitclaim deed is used in real estate transactions to quickly and simply transfer ownership interest in a piece of property. Now it's time to file a quitclaim deed.

Why Quitclaim Deeds Are Important In a divorce, it's important to clear out all the belongings of your ex, regardless of the type of deed that transfers ownership. If you want to continue making regular payments under the home mortgage or closing loan agreement with the bank, you must leave out the things that need to be kept in your ex's house to avoid being charged interest or penalties by the bank. When a property is purchased with a quitclaim deed, you are giving up your right to be charged the interest or penalties. But a quitclaim deed is a way of simplifying who has the property, leaving out the bank and other creditors. A quitclaim deed does not prevent your children from inheriting the home in a divorce, but it does give your ex a clear record of who owns the property in the event of your own divorce. When do You Need a Quitclaim Deed?

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Colorado Springs Colorado Quitclaim Deed - Individual, Husband and Wife to Husband and Wife

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FAQ

Can you add someone to the deeds of your house?

How do I file a quitclaim property in Colorado?

Can I add my wife to the deed after quitclaim deed?

How do I add someone to the deed of my house in Maryland?

Should my wife be on the house deed?

What does adding someone to the deed mean?

How can I put my wifes name on my house?

Does a quitclaim deed need to be notarized in Colorado?

How much does it cost to add a name to a deed in Florida?

How do you add someone to a deed in Colorado?

Interesting Questions

What is a quitclaim deed?

When would I use a quitclaim deed in Colorado Springs?

What information is required to complete a quitclaim deed?

How do I file a quitclaim deed in Colorado Springs?

Are there any taxes or fees associated with filing a quitclaim deed in Colorado Springs?

Does a quitclaim deed guarantee clear ownership of the property?

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