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The document is a Quitclaim Deed, a legal instrument used to transfer ownership of property from one party to another without any warranties. It outlines the parties involved, the consideration paid, and includes a description of the property being transferred. The deed requires signatures and notarization to be valid.

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How do I transfer ownership of a property in NY?

Documents Needed for Title Transfer For a successful property title transfer in New York, the process begins with the creation of a new deed, which is essential for legally documenting the change of ownership. This deed must be signed by the grantor and notarized to confirm its authenticity.

How much does a lawyer charge for a quit claim deed?

The average cost (i.e., legal fees) for a lawyer to prepare and file a quitclaim deed is $520.00. This cost point come from recent quitclaim projects on the ContractsCounsel platform across all US states. Note, this does not include any fees to file at the county clerks office, which can range from $10 to $100.

What are the problems with a quit claim deed?

Since a quitclaim deed doesnt guarantee clear ownership, you might unknowingly transfer property with liens or other claims against it. This can lead to estate planning problems, especially if the grantor doesnt fully own the property or other family members dispute the transfer.

How much does it cost to file a quit claim deed in New York?

The fee for filing a New York state quit claim deed varies depending on the county where the property is located. However, as of 2018, the basic fee for filing for a residential or farm property is $125, while the fee to file a quit claim deed for all other properties is $250.

How do I file a quitclaim deed in New York?

Heres how to do it: First, make sure your quitclaim deed is notarized. Go to the county clerks office in the county where the property is located. If youre in a county outside of New York City, youll need to submit a Real Property Transfer Report (Form RP-5217) along with your quitclaim deed.

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Who benefits the most from a quitclaim deed?

The quitclaim deed simply transfers any interest they may have to the other party. Because of the lack of title guarantees, quitclaim deeds are most often used to transfer property between two parties who know and trust each other, such as family members.

How much does a lawyer charge to transfer a deed in NY?

Levin Law Group offers competitive pricing for deed transfers, with a flat fee of $750 plus recording fees.

Can I transfer a deed without an attorney?

Self-filing the deed without an attorney is the most economical option for transferring real property title. However, it requires careful attention to detail. The Registers Office wont provide assistance or highlight mistakes in the paperwork.