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Commonly Asked Questions about South Carolina Quitclaim Deeds

A quitclaim deed is considered a permanent transfer of ownership between the grantor and grantee, so theres no limit to the term of ownership. However, new deeds need to be filed with the county for the transfer to be officially recorded. What Is A Quitclaim Deed? | Rocket Mortgage rocketmortgage.com learn quitclaim-deeds rocketmortgage.com learn quitclaim-deeds
New Owners Fill out a Transfer of Ownership form. This form must include the previous owners signature as well as a notary signature. Send to the Division immediately.
Although you pay the tax to the county where the property is located, the state sets the rate. Currently, the rate is $1.85 per $500 in value. The state and the county split the taxes between them. If you do not want to pay this amount, you should try to get the buyer to contribute to the fee.
Per SC Code 12-24-10, there is a state transfer tax, referred to as a deed recording fee. The recording fee is $1.85 for any property valued between $100 and $500. Theres an additional $1.85 for each $500 increment after the first $500 (SC Code 12-24-90).
To add a name to your property you must sign a new deed conveying interest to an individual. To take someones name off property they must sign a new deed conveying their interest to someone else.
Please note: South Carolina is an Attorney State when it comes to Deed preparation. Any preparation by an individual is considered an unauthorized practice of law. UCC Forms - Click on the SC Secretary of States Web site below.
Common Methods of Property Transfer in California Grant Deeds. A Grant Deed is a crucial tool in California property transfers. Quitclaim Deeds. Quitclaim Deeds take a different approach to property transfers. Warranty Deeds. Warranty Deeds provide a robust layer of protection for property buyers.
Quitclaim deeds typically state that the current owner remises, releases, and forever quitclaims the real estate to the new owner. South Carolina law assumes a quitclaim deed conveys all interests the person executing the deed can lawfully conveythough the parties can modify a deed to transfer a lesser interest.