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How does a quitclaim deed work in Indiana?

A Quitclaim Deed transfers only whatever ownership in property the person doing the Quitclaim Deed has. For example, if someone has no legal ownership in a house, and that person signs a Quitclaim Deed saying you now have ownership, you have nothing.

What is a special warranty deed in Indiana?

The Indiana special warranty deed form provides a limited warranty of title. With a special warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.

What is a quitclaim deed in Indiana?

What is an Indiana Quit Claim Deed? An Indiana quit claim deed form (sometimes called a quick claim deed or quitclaim deed) transfers Indiana real estate from the current owner (grantor) to the new owner (grantee) with no warrant of title.

How do I add someone to my deed in Indiana?

Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and docHubd, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.

Does a quitclaim deed need to be docHubd in Indiana?

Laws. Recording Must be filed at the County Recorders Office where the real estate is located. Signing ( 32-21-2-3) All quitclaim deeds that are recorded in Indiana are to be signed in front of a Notary Public (Grantor(s) only).

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What is the purpose of a quit claim deed?

What does a quitclaim deed do? A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property.

Who signs a quit claim deed in Indiana?

Signing. Per Indiana Code 32-21-2-3, the grantor must sign the deed in the presence of a notary public and have the document acknowledged by the notary public.

How do you transfer a property title?

Step 1. Determine and prepare the needed requirements for a title transfer. Deed of Conveyance. Photocopies of valid IDs of all signatories in the deed. The Notary Publics official receipt for the deeds notarization. Certified True Copy of the Title (3 copies) Certified True Copy of the latest Tax Declaration.

What is the difference between a warranty deed and a mortgage?

According to , a general warranty deed guarantees that: The grantor legally owns the property and has the legal right to transfer it. There are no outstanding mortgages, liens or other claims against the property by any creditor.

What is a warranty deed in Indiana?

The Indiana warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property. The warranty is not limited to the time that the current owner owned the property.

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What is the difference between a warranty deed and a mortgage?

What is a warranty deed in Indiana?

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