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Statute of Limitations on a Quitclaim Deed in Michigan For example, challenging a quitclaim deed given by a close family member or a court-ordered sale has a five-year statute of limitations.
One good reason to add a spouse to the deed of your home is for estate planning purposes, which may allow the property to transfer to your spouse outside the probate process, depending on the transfer language utilized in the granting clause. Another reason is for creditor purposes.
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
If the wifes name is not on the deed, it doesnt matter. Its still marital property because it was bought during the marriage. This makes it marital property and is still split between both parties. The wife is entitled to receive either equal share or equitable share of the house.
The Michigan warranty deed is a form of deed that provides an unlimited warranty of title. It makes an absolute guarantee that the current owner has good title to the property. The warranty is not limited to the time that the current owner owned the property.
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If your spouses name is on the deed, that automatically means that your spouse also holds title (has a legal claim to ownership) to the property. This means you will need your spouses signature to sell the home. If your spouses name is not on the deed, your spouse still may hold title through other means.
You can find out if transfer taxes will be due in the Do-It-Yourself Quitclaim Deed (after Divorce) tool. If you are the person keeping the property, take the deed to the Register of Deeds and record it after your ex-spouse has signed it and delivered it to you. There will be a $30 recording fee.
State Transfer Tax Rate $3.75 for every $500 of value transferred. County Transfer Tax Rate $0.55 for every $500 of value transferred.
The fee is $5.00 per deed, up to 25 parcels, and . 20 cents per additional parcel over 25.
The Michigan quitclaim deed form gives the new owner whatever interest the current owner has in the property when the deed is signed and delivered. It makes no promises about whether the current owner has clear title to the property.

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