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A South Carolina deed must include the original signature of the current owner (the grantor). Signatures should match and appear immediately above the signers printed or typed name in the deed. Notarization. The current owners execution of the deed must be acknowledged before a notary or other authorized officer.
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.
How do you transfer a house deed in South Carolina?
In South Carolina, the grantor must sign the deed in front of two witnesses and in the presence of an individual authorized by the state to administer an oath. Record the completed deed at the local county Recorders office, along with an Affidavit of True Consideration (S.C. Code Ann. 12-24-70(A)(1)).
How much does it cost to record a deed in South Carolina?
The deed recording fee is one dollar and eighty-five cents for each five hundred dollars, or fractional part of five hundred dollars, of the realtys value as determined by S.C.8.0 Introduction. AndersonSumterBeaufortKershawCherokeeLancasterChestefieldOconeeClarendonOrangeburg4 more rows
How much does it cost to transfer a deed in SC?
The deed-recording fee rate is $1.85 for each $500.00 of the real estates value. A propertys value is usually the consideration exchanged for the transferincluding cash, property, debt forgiveness, debt assumption, or surrendering of a right.
cost of quit claim deed in south carolina
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South Carolina Quitclaim Deed Laws South Carolina requires ( 30-5-30) that all quitclaim deeds be signed by the Grantor (the seller of the property), two (2) witnesses, and for the document to be docHubd by a Notary Public who witnesses the Grantor and Witnesses signing the document.
What is the meaning of a quitclaim?
Definition of quitclaim 1. the release or relinquishment of a claim, action, right, or title. 2. a deed or other legal paper in which a person relinquishes to another a claim or title to some property or right without guaranteeing or warranting such title.
Is a quit claim deed OK?
The alternative spellings quit claim deed and quit-claim deed are generally acceptablethough used less frequently. Oklahoma legal professionals also use the word quitclaim as a verb indicating that an owner is transferring an interest without warranty. Release deed can be a synonym for quitclaim deed in some contexts.
What is required to record a deed in South Carolina?
Two witnesses to the signature. A South Carolina Probate or Acknowledgement. A property description to include a recorded plat reference or metes and bounds description. A derivation clause to include name(s), date and book and page of conveyance to the Grantor.
Who pays the deed transfer tax in SC?
It is customary for the seller of the property to pay all real estate transfer taxes in South Carolina. The transfer taxes are usually due at the time of closing, alongside other fees such as appraisal fees or agent fees.
what is a quitclaim deed used for
Code of Laws - Title 30 - South Carolina Legislature
Qualifications for eligibility to serve as register of deeds; quo warranto clause is not required on a quitclaim or non-warranty deed of real property.
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