Is a quit claim deed valid in Texas?

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.

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Quitclaim and Bill of Sale of Pipeline

Dallas Texas Quitclaim and Bill of Sale of Pipeline

Name: Dallas Texas Quitclaim and Bill of Sale of Pipeline
Brand: US Legal Forms
Rating: 4.61 (401 reviews)

Category:

Oil Gas and Minerals - Bills of Sale

State:

Multi-State

County:

Dallas

Control #:

US-OG-306

Format:

Instant download

Description

This form is used when Seller assigns, sells, transfers, and quit claims to Buyer, all of Seller's rights, title, and interests in a pipeline in place, consisting of approximately (number)feet of (number) inch line located on certain lands.

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How to fill out Dallas Texas Quitclaim And Bill Of Sale Of Pipeline?

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FAQ

Wisely, TLTA put forth a specific solution. 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.

Quitclaim deeds can't be reversed, but a new quitclaim deed can be issued to transfer the rights back.

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.

Rates vary by state and law office but typically fall in the range of $200 to $400 per hour. Title companies routinely prepare quitclaim deeds in many states. Fees for title companies vary, but a market scan shows an average of $100 to $200 for a simple quitclaim deed.

Code Section 13.002. Signing - According to Texas Law (Section 11.002(c)), a quitclaim deed must be signed by the Grantor, along with two signing witnesses, or it may be notarized by a Notary Public.

A Texas quit claim deed is a two-page document that allows property to be transferred from a seller (the grantor(s)) to a buyer (the grantee(s)).

Quitclaim Deeds in Texas While quitclaim deeds are legal in all 50 states and used commonly in most of them, Texas is an outlier. The route of the problem is a single section of the Texas property code, which essentially states that unrecorded title transfers in the past are binding to subsequent purchasers.

This includes deeds, wills, trusts, oil and gas leases and many other kinds of documents. In fact, any document that must be filed in the deed records is required to be notarized.

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Dallas Texas Quitclaim and Bill of Sale of Pipeline

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