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Yes you can. This is called a transfer of equity but you will need the permission of your lender.
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.
For a flat fee of $240 - $250 in most cases (plus governmental recording fees) the firm can in most circumstances have an attorney prepared deed ready for signature in 2-4 business days.
By law, Maryland deeds must also contain a certification that they were prepared by a licensed Attorney or a party to the transaction. A non-attorney cannot draw up a deed unless they are one of the parties.
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.
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A Maryland (MD) Quitclaim Deed provides a tool that a propertys owner can use to transfer real interest in a property to another party. With a quitclaim deed, the propertys owner (grantor) does not guarantee the buyer (grantee) that they have good title or own the property.
$10.00 for a release nine (9) pages or less in length; [this does not apply to a termination of a financing statement] $20.00 for any other instrument nine (9) pages or less in length. Except as provided in item 1 above, $20.00 for an instrument, regardless of length, involving solely a principal residence.
For a flat fee of $240 - $250 in most cases (plus governmental recording fees) the firm can in most circumstances have an attorney prepared deed ready for signature in 2-4 business days.
In a quitclaim deed, the grantor makes no promises that they have a good title to the property. The grantor does not even promise that they own the property. Instead, the grantor only transfers whatever interest, if any, they have in the property.
A deed to be recorded can be prepared by an attorney licensed in Maryland or by one of the parties named in the deed. It is critical that each step is followed precisely and that the wording of the dead is accurate. Otherwise, an intended deed transfer may not be effective.

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