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Commonly Asked Questions about Real Estate Property Transfers

How do I add/remove a name on a Deed? You would have to record a new deed adding or removing the person(s) name. Because it is a legal document with legal consequences, we HIGHLY advise you work with an attorney to do so.
Unfortunately, once a deed is recorded in New York State, it cant simply be amended or modified. A new deed must be recorded to change ownership.
If the value is $500,000 or less, the rate is 1.425% of the price. If the value is more than $500,000 the rate is 2.625%.
Types of Deeds: Warranty and Quitclaim There are two types of warranty deeds, general warranty deeds and special warranty deeds. The most common way to transfer property is through a general warranty deed (sometimes called a grant deed). A general warranty deed guarantees good title from the beginning of time.
The filing fee is generally $125 for residential and farm properties and $250 for all other properties. The county clerks office collects the RP-5217 filing fee. The county clerks office should be reviewing the RP-5217 forms for completeness, not for accuracy.
To successfully file a quit claim deed in New York, you will need to fulfill a few essential qualifications: Written consent from both parties via Form TP-584 and Form RP-5217 (oral agreements do not qualify) Official notarization of forms. Payment of associated fees. Payment of any taxes owed on the property.
To change a deed in New York City, you will need a deed signed and docHubd by the grantor. The deed must also be filed and recorded with the Office of the City Register. Transfer documents identifying if any taxes are due must also be filed and recorded with the City Register.