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Commonly Asked Questions about Quitclaim Deed Maryland

To add a name to a deed in Maryland, you must prepare a new deed that includes both the current owners name and the new owners name. The current owner is the grantor, and the new owner is the grantee. The new deed should include a legal description of the property.
Normally a Maryland contract provides who is responsible for the payment of transfer and recordation taxes. If the contract is silent, Maryland law states the presumption is that the buyer and seller shall split the taxes provided the buyer does not qualify as a First Time Maryland Homebuyer.
To take someones name off a deed, a new deed must be prepared to transfer the property from all of the current owners to all of the remaining owners.
Similarly, to add someone to a deed a new deed must be prepared to transfer the property from all current owners to all new and current owners. The new deed must then be recorded in land records. You can read about the steps to record a new deed at the Peoples Law Library.
How to File Step 1: Obtain Maryland Quitclaim Deed Form. Step 2: Enter Preparers Details. Step 3: Enter Grantors Details. Step 4: Enter Grantees Details. Step 5: Fill in Consideration. Step 6: Note Property Legal Description. Step 7: Preparer Signs the Form. Step 8: Grantor Signs the Form in Front of a Notary Public.
That is an option. But, youll need to get approval from the mortgage company to add you to the mortgage and your mother will need to submit a gift tax return the year that youre added to the deed. Legally, adding you as an owner is considered gifting you the home.
How much is a quit claim deed in MD? For a flat fee of $240 - $250 in most cases (plus governmental recording fees) the firm can in most circumstances have an attorney prepared deed ready for signature in 2-4 business days.
State Transfer Tax The tax is applied to instruments that transfer an interest in real property (deed, lease, easement, contract, etc.). The tax is one half of 1 % (0.5%) of the consideration, except for deeds to a first time MARYLAND home buyer, in which case the tax is one fourth of 1 % (0.25%).