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What is required for a quit claim deed in South Carolina?
South Carolina Quitclaim Deed Overview The grantor must sign the quitclaim deed in the presence of two credible witnesses. The quitclaim deed must also be subscribed by the two witnesses. The address of the grantee is needed in order to record this type of real estate document.
How much does a quit claim deed cost in SC?
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.
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 an attorney 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 disadvantages of a quit claim deed?
The recording fee is $1.85 for any property valued between $100 and $500. Theres an additional $1.85 for each $500 increment after the first $500 (SC Code 12-24-90). A portion of the fee ($1.30) goes to the state, and the other ($0.55) goes to the county. The fee is paid electronically or with the paper form L-2125.
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Ultimately, the main problem with quitclaim deeds is their lack of any guaranty on the part of the person transferring their ownership interest in the property. With a quitclaim deed, the grantor only states that they are transferring any interest they may have in the propertywhatever that interest may be.
Related links
1853 Quit Claim Deed - Berkeley County (S. C.) Memories
10-1/8 x 15-5/8 ruled, pale blue paper (2 sheets) folded in half horizontally, then vertically into thirds, seal, creases, yellowing.
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