This form is a Quitclaim Deed where the grantors are five individuals and the grantees are four individuals. Grantors convey and quitclaim the described property to grantees. 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.
Austin Texas Quitclaim Deed from Five Individuals to Four Individuals
Category:
State:
Texas
City:
Austin
Control #:
TX-026-77
Format:
Word;
Rich Text
Instant download
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How to fill out Texas Quitclaim Deed From Five Individuals To Four Individuals?
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FAQ
Quitclaim deeds offer no such protection. Instead, they only convey the seller's interest in the property. This means that if the property owner wishes to sell their property, a quitclaim deed will provide a simple transfer of property. However, the buyer's title will not be warrantied.
There are several types of deeds people use to transfer property in Texas. While all of these deeds are valid in Texas, this doesn't mean real estate attorneys favor them. In fact, while quitclaim deeds are valid, they're not often used in Texas because they're barely considered deeds at all.
SB 885 provides that four years after recording a quitclaim deed, a subsequent purchaser or creditor for value without actual notice of other unrecorded claims on the property has good faith protection.
All property Deeds prepared for $195 Do you have questions about a Quit Claim Deed?
All property deeds ? $195 Any Property Deed needed to transfer real estate in Texas. Prepared by an attorney licensed in the state of Texas.
Laws. Recording (V.T.C.A., Property Code § 11.001) ? This form must be filed at the Recorder's Office in the County Clerk's Office. Signing (V.T.C.A., Property Code § 12.001) ? The Grantor(s) has the choice of authorizing this form in the presence of Two (2) Witnesses or a Notary Public.
Four years after the recording of a quitclaim, a lender or a potential buyer is protected, and no longer deemed to have ?notice? of unrecorded transactions.
All signatures on a quitclaim deed must be original. A notary public must witness the deed signing. In Texas, only the seller must sign the deed. However, if some type of special clause or condition applies to the buyer, he may have to sign.
Quitclaim deeds are valid in other states, and they are also valid in Texas. The problem isn't with the validity of the deed, but with title insurance. Texas title insurance companies are notoriously wary of quitclaim deeds.
