Columbus Ohio Quitclaim Deed - Four Individuals to Three Individuals

State:
Ohio
City:
Columbus
Control #:
OH-026-77
Format:
Word; 
Rich Text
Instant download

Description

This form is a Quitclaim Deed where the grantors are four individuals and the grantees are three individuals. Grantors convey and quitclaim the described property to grantees. The grantees take the property as tenants in common or as joint tenants with the right of survivorship. This deed complies with all state statutory laws.

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  • Preview Quitclaim Deed - Four Individuals to Three Individuals
  • Preview Quitclaim Deed - Four Individuals to Three Individuals
  • Preview Quitclaim Deed - Four Individuals to Three Individuals
  • Preview Quitclaim Deed - Four Individuals to Three Individuals
  • Preview Quitclaim Deed - Four Individuals to Three Individuals
  • Preview Quitclaim Deed - Four Individuals to Three Individuals
  • Preview Quitclaim Deed - Four Individuals to Three Individuals

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FAQ

A quitclaim deed is a legal instrument which is used to transfer interest in real property. The entity transferring its interest is called the grantor, and when the quitclaim deed is properly completed and executed, it transfers any interest the grantor has in the property to a recipient, called the grantee.

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.

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.

Typical Quitclaim Fees 50 per parcel number (the number of parcels multiplied by $. 50). The conveyance fee varies by county and is usually between $1 and $4. For example, in Franklin County, the conveyance fee is $3 per every $1,000 of the real property or manufactured home sale price.

Once a deed is recorded it cannot be changed. We recommend you consult a real estate attorney or title company to prepare a new deed. If a married couple held the property jointly as tenants by entireties and one spouse dies, it is not necessary to remove that spouse's name from the deed.

No guarantees to the new owner: Unlike a warranty deed, a quitclaim deed does not guarantee that a property is free from title defects such as tax liens or title claims from third parties. For this reason, it is a poor legal instrument to use when selling a piece of property for cash considerations.

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Columbus Ohio Quitclaim Deed - Four Individuals to Three Individuals