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Why would someone do a quit claim deed?

A quitclaim deed is also used to clear up title to property, if there is an issue with someone else possibly having an ownership right in the property, he or she can be asked to sign a quitclaim to make sure the new owner has complete title.

What is the purpose of a quit claim deed?

A deed in which a grantor disclaims all interest in a parcel of real property and then conveys that interest to a grantee. Unlike grantors in other types of deeds, the quitclaim grantor does not promise that his interest in the property is actually valid.

How much does it cost to transfer a deed in KY?

Kentucky Transfer Tax. Kentucky charges a real estate transfer tax for recording a deed that transfers real estate. The transfer tax rate is $0.50 per $500.00 of the property's value.

How much is a quitclaim deed in Kentucky?

File a quitclaim deed on your property from your old name to your new name and file it with the Jefferson County Clerk's Office. There is a $17.00 fee to file this document.

How much is a quitclaim deed in Kentucky?

File a quitclaim deed on your property from your old name to your new name and file it with the Jefferson County Clerk's Office. There is a $17.00 fee to file this document.

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How do I get a quit claim deed in KY?

How to Write & File a Quitclaim Deed in Kentucky Step 1 \u2013 Obtain the Kentucky Quitclaim Form. Find your KY quitclaim form. ... Step 2 \u2013 Get Names and Address of All Parties. Gather the information you need. ... Step 3 \u2013 Write Grantor and Grantee Details. Enter the information about the parties. ... Step 4 \u2013 File the Quitclaim Deed.

How do I add my spouse to my deed in KY?

You will need to have the quitclaim deed notarized with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.

How much is a quitclaim deed in Kentucky?

File a quitclaim deed on your property from your old name to your new name and file it with the Jefferson County Clerk's Office. There is a $17.00 fee to file this document.

Can you add someone to deeds of house?

If you have a mortgage on the property you will need the lender's consent before you can add someone else to the property deeds. The new owner will become equally liable for the mortgage repayments once the transfer takes place.

What is a quitclaim deed in Kentucky?

"A Quitclaim deed is defined as follows: A deed of conveyance operating by way of release; that is, intended to pass any title, interest, or claim which the grantor may have in the premises, but not professing that such title is valid, nor containing any warranty or covenants for title.

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