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An interspousal transfer deed, more technically called an interspousal transfer grant deed, is a legal document used to give sole ownership of shared property, such as a house, to one person in a marriage. They are commonly employed in divorce cases to transfer community property to one spouse.
In California, quitclaim deeds are commonly used between spouses, relatives, or if a property owner is transferring his or her property into his or her trust. A grant deed is commonly used in most arms-length real estate transactions not involving family members or spouses.
California mainly uses two types of deeds: the grant deed and the quitclaim deed. Most other deeds you will see, such as the common interspousal transfer deed, are versions of grant or quitclaim deeds customized for specific circumstances.
Although there is no time limit for recording a Georgia quitclaim deed, failing to do so can result in potential problems. For example, if the grantor conveys a real estate to one grantee who doesnt record the quitclaim deed, and to the other grantee who does, the first grantee loses the property.
Moving Forward Type of DocumentPrior Fee Structure*New FeeDeed of Transfer (e.g., Limited Warranty Deed, Quitclaim Deed)$10.00 for the first page, $2.00 for each addl page$25.00Security Instrument or Modification of Security Instrument (e.g., Security Deed, ALR)$10.00 for the first page, $2.00 for each addl page$25.006 more rows Jun 11, 2019
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There is a $10.00 filing fee that is to be paid to the clerk when the Quit Claim Deed is filed (if the Deed is more than one page there will be an additional cost). The Grantor must also file a PT-61 Real Estate Transfer Tax Form along with the QuitClaim Deed.
How to Fill Out an Interspousal Transfer Deed Find the current deed for the property. On a computer, or in print, take out a blank Interspousal Transfer Deed. Determine how new owners will take the title. Fill out the new deed. Fill out the Preliminary Change of Ownership Report (PCOR).
No guarantees to the new owner: Unlike a warranty deed, a quitclaim deed does not guarantee that a property is free from title defects such as tax liens or title claims from third parties. For this reason, it is a poor legal instrument to use when selling a piece of property for cash considerations.
Both types of legal documents serve the same function of transferring ownership of real property. The fundamental difference between quitclaim deeds and grant deeds is the level of protection and warranty provided to the grantee.
Moving Forward Type of DocumentPrior Fee Structure*New FeeDeed of Transfer (e.g., Limited Warranty Deed, Quitclaim Deed)$10.00 for the first page, $2.00 for each addl page$25.00Security Instrument or Modification of Security Instrument (e.g., Security Deed, ALR)$10.00 for the first page, $2.00 for each addl page$25.006 more rows Jun 11, 2019

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