what is a quitclaim deed
After executing the quitclaim deed you should record the document in the county where the property is located. Many different deeds will convey title to real property each will be useful for different situations.
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However when choosing a deed its popularity should not be a determining factor.
. Computed on full value of the interest or property conveyed or is_____ computed on full value less the value of liens and encumbrances remaining thereon at. This instrument can only be used in the state of Arizona. While most quitclaim deeds are the same each state and their counties have their own laws and procedures. A quitclaim deed is a legal document that allows someone to transfer their ownership interest in a property without providing any assurances to the person receiving the ownership interest.
The main office is located in downtown Phoenix. Maricopa County Recorders Offices are responsible for recording and. A quitclaim deed can be one of the simplest methods of transferring real property to a new owner. Arizona quitclaim deed means exactly what it implies.
And 2 the grantee assumes. One of the most important things to keep. Every deed in substance in the above form when otherwise duly executed shall be deemed and held a good and sufficient conveyance release and quitclaim to the grantee his or her heirs and assigns in fee of all the then existing legal and equitable rights of the grantor in the premises therein described but shall not extend to the after acquired title unless words are added. The Southeast office is in Mesa Arizona.
This means 1 if the grantor doesnt really have any interests in said property the recipient doesnt get anything. What Is A Quitclaim Deed. A Quitclaim Deed often mistakenly referred to as a quick claim deed is a popular instrument for title transfers. QUITCLAIM DEED The undersigned Grantors declares that the documentary Transfer Tax is _____ City Tax is _____and is.
In other words the property owner also known as the grantor can offer this type of deed and transfer the entire interest in the property to the recipient or the grantee. A quitclaim deed though is frequently employed to give property to others and a consideration sometimes isnt involved in its use. Maricopa County Recorders Office has two full service offices to record your quitclaim deed.
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