Spousal Deed Transfers

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Commonly Asked Questions about Spousal Deed Transfers

How much does deed transfer cost in Michigan?

Transfer Tax on Total Consideration County or State Transfer TaxFee County Transfer Tax $1.10 per $1,000 State Transfer Tax $7.50 per $1,000

Which type of deed is used most often in divorce?

Interspousal transfer deed An interspousal transfer deed is frequently used to transfer property between spouses during a divorce or legal separation. It allows for the transfer of ownership without triggering reassessment for property tax purposes.

Does a deed need to be docHubd in Michigan?

Documents executed in Michigan which convey or encumber real estate require a notarys acknowledgment. Documents must be on 8.5 x 11 or 8.5 x 14 paper and must have a 2.5 top margin for the first page, and a minimum 0.5 margin on the other three sides of all pages.

Do you have to file a property transfer affidavit in Michigan?

State Law requires a Property Transfer Affidavit to be filed whenever real estate is transferred (even if you are not recording a deed).

How do I transfer a property deed in Michigan?

Sign and date the quitclaim deed in a notarys presence, then file it with the County Register of Deeds Office in the propertys county, not the county where you live. Once the deed is filed and recorded, the transfer is deemed legal.

How much does it cost to file a quitclaim deed in Michigan?

Mich. Comp. Laws 600.2567 requires you to pay a filing fee of $30 when you submit any deed, including a quitclaim deed, to the register of deeds. Additionally, you can pay $5 to docHub a recorded document and $1 per page to obtain copies of the certified document.

What is an interspousal transfer deed in Washington state?

An interspousal transfer deed is simply a deed that transfers property from one spouse to another. A deed is a written document that legally transfers property from one person or entity to another.

What is the difference between a quitclaim and an Interspousal transfer?

An interspousal transfer gives full interest in the property to the transferee, whereas a quitclaim leaves the transferer still liable for any obligations related to the property, even though the transferer no longer has a residential interest in it.