How does a quit claim deed work in Michigan?

Quitclaim deeds transfer only the part of the property the grantor actually owns, so if the grantor owns one-fourth of the property, that's all he can transfer to the grantee. If you're the grantee, be mindful that quitclaim deeds can be risky if you don't know or trust the grantor or know the property's history.

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Michigan Quitclaim Deed for Five Individuals to One Individual

Detroit Michigan Quitclaim Deed for Five Individuals to One Individual

Name: Detroit Michigan Quitclaim Deed for Five Individuals to One Individual
Brand: US Legal Forms
Rating: 4.59 (389 reviews)

Category:

Michigan Real Estate - Deeds - Quitclaims

State:

Michigan

City:

Detroit

Control #:

MI-SDEED-8-5

Format:

Instant download

Description

This form is a Quitclaim Deed where the grantors are five individuals and the grantee is one individual.

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How to fill out Detroit Michigan Quitclaim Deed For Five Individuals To One Individual?

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FAQ

How to Transfer Michigan Real Estate Find the most recent deed to the property. It is helpful to begin by locating the most recent deed to the property (the deed that transferred the property to the current grantor).Create the new deed.Sign and notarize the deed.File the deed in the county land records.

To successfully execute a quitclaim deed in Michigan, the property owner needs to complete a quitclaim deed form and sign it in front of a notary. Then they pay any transfer taxes due and record the deed in the land recorder's office in the county in which the property is located.

If you are the person keeping the property, take the deed to the Register of Deeds and record it after your ex-spouse has signed it and delivered it to you. There will be a $30 recording fee.

You cannot simply add someone to the deed in most cases, and it will require a change in the form of the deed on the property. You will have to file a quitclaim deed and then file a new deed with joint ownership.

Current Transfer Tax rate is $8.60 per $1,000, rounded up to the nearest $500. $7.50 is State Transfer Tax and $1.10 is County Transfer Tax. Transfer tax imposed by each act shall be collected unless said instrument of transfer is exempt from either or both acts and such exemptions are stated on the face of the deed.

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

Quitclaim deeds transfer only the part of the property the grantor actually owns, so if the grantor owns one-fourth of the property, that's all he can transfer to the grantee. If you're the grantee, be mindful that quitclaim deeds can be risky if you don't know or trust the grantor or know the property's history.

If you are the person transferring your property to your ex-spouse, you must sign the quitclaim deed in front of a notary. Then give the deed to your ex-spouse. Your ex-spouse will need to sign the deed and take it to be recorded at the Register of Deeds.

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A deed is the legal instrument that transfers ownership of that property from one party to another. A warranty deed gives more protection than a quitclaim deed to the person receiving the property.Michigan Indian tribes who were involved in the fishing rights litigation. We are currently accepting payments via mail or in person. O The City will be hiring a part-time recreation person.

Detroit Michigan Quitclaim Deed for Five Individuals to One Individual

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