Remove Page Numbers in the Quitclaim Deed

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Aug 6th, 2022
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How to Remove Page Numbers in the Quitclaim Deed

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In this video, Brad Lynch, known as "your mortgage guy for life," discusses quitclaim deeds. He clarifies that the correct term is "quitclaim" rather than "quick claim," although the latter may still be understood. A quitclaim deed is a legal document that transfers the grantor's interest in a property. Lynch explains that it is often used in divorce situations, where one spouse can transfer ownership of a property to the other. He encourages viewers to check his references online using the hashtag #ymgfl, highlighting his involvement in various lending scenarios, including refinances and purchases.

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Under Missouri law, a quitclaim deed must be in writing, contain the legal description of the property, and meet specific signing and acknowledgment requirements. You will need to record the deed and pay a recording fee.
Quitclaim deeds are similar to traditional deeds in that they transfer property from one party to another. However, the biggest difference between a deed and quitclaim deed is that the latter transfers the property without promises that the property is free from liens or other financial obligations, such as a mortgage.
Quitclaim deeds lack certain protections and promises found in other types of deed to real property. Because of this, they should only be used under certain circumstances. These include transferring real estate between close family members, for instance, from a parent to a child.
In most states, there is a period of two years following the deeds filing date during which the quitclaim deed can be contested. If either the grantor or grantee wants to challenge the validity of the quitclaim deed, the challenge must be made during this time period.
Although quitclaim deeds are valid and often used in California, title insurers in other statesincluding Texasdisfavor quitclaim deeds. In these other states, a deed without warranty (also called a no warranty deed) may be used as a substitute for a quitclaim deed.
Reversing a quitclaim deed Once a quitclaim deed has been signed and recorded, it cannot be undone as the previous property owner has already transferred the property to the new owner. The new owner would have to voluntarily give back the property to the original owner.
The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owners interest in the property.
The statute for bringing a lawsuit based on fraud or on a contract in Michigan is six years. However, if two people claim title to the same property, the statute of limitations is fifteen years.

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