A quit deed can also be an effective and practical way of transferring property ownership, particularly among family members or non-conventional transfer of real property. Nevertheless, although the exercise is quite simple, errors made in its preparation and submission may lead to serious legal and financial troubles in the future.
Regardless of whether you use a free quit claim form or create one with a legal service, it is essential to know what should be avoided.
Failure to Understand the Limitations of a Quit Claim Deed
A quit claim deed does not imply that there is a clear title or that the property is free of liens. It merely passes over whatever interest the grantor may presently have in the property.
People think that using a quit deed claim form magically guarantees clean ownership, and unless you conduct an appropriate title search, you might end up inheriting any probable disagreements or debts that existed regarding the house.
Not Using the Proper Legal Description
Perhaps the most frequent mistake is not including complete or accurate property information. The legal description needs to be as described in official records; any variation may invalidate the document. Simply using the street address is inadequate; your free quit claim form should include the complete legal description of the property from county records.
Not Complying with State-Specific Requirements
Each state follows a different set of guidelines for recording and signing a quit claim deed. Some necessitate witnesses, and others demand notarization or wording. Filing a quit deed claim form without strict adherence to the requirements can be rejected by the county recorder’s office.
Skipping Notarization
Even in states that don’t necessarily require notarization, it’s always advisable. Without notarization, the validity of signatures may come into question. This little extra step provides another safeguard for both the grantor and grantee when completing a free quit claim form.
Not Filing the Deed in a Timely Manner
Merely signing and trading a quit claim deed is insufficient. You need to submit it to the office of the county recorder in order to finalize the transfer. Filing delays may trigger disputes regarding ownership, particularly if other claims are lodged in the meantime against the property indicated on your quit deed claim form.
Overusing a Quit Claim Deed on Complicated Transactions
A quit claim deed is perfect when transferring among family members, ex-spouses in a divorce, or correcting title issues, but it is not necessarily the best solution when selling a property to a stranger. A warranty deed in such situations may have more protection over a free quit claim form.
Conclusion
A claim deed might be an effective and efficient method of conveying ownership to a property, which, however, should be prepared correctly and according to the local laws. When you need to check the validity of your free quit claim form, so that it is correct and legal, and can be recorded, resources such as Forms Legal can be the answer to simplify the process.
Source: https://tumblrblog.com/common-mistakes-to-avoid-when-using-a-quit-deed-claim-form/
