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Transferring Indiana real estate usually involves four steps: Locate the prior deed to the property. Create the new deed. Sign the new deed. Record the original deed.
How to Transfer Indiana Real Estate Locate the prior deed to the property. Create the new deed. Sign the new deed. Record the original deed.
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.
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. The title is transferred without any amendments or additions.
The lender will need to be satisfied that you will be able to afford the mortgage as the sole mortgagor. The mortgage lender will then need to give you written consent in order to remove the other party from the deeds to your house. The lender will require the change in ownership to be carried out by a solicitor.
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Indiana Quit Claim Deed Form Summary The Indiana quit claim deed form gives the new owner whatever interest the current owner has in the property when the deed is signed and delivered. It makes no promises about whether the current owner has clear title to the property.
You may find a draft deed online, through your local library, or another source. You can download this quit claim deed for simple transactions without warranties, such as adding/removing a person(s) to title. The Grantor is the person(s) currently listed as the owner(s).
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.
You will need to have the quitclaim deed docHubd with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
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.

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