0
How do you word the 'survivor' clause on a Quitclaim deed in Michigan?
Wiki User
∙ 17y ago
Quitclaim deed relinquishes to the buyer whatever interest the seller may have in the property. A quitclaim deed gives the buyer the least amount of protection of any type of deed. If the seller is the sole owner of the property, the quitclaim deed is enough to transfer title, but the buyer takes a risk by accepting a quitclaim deed because it offers the buyer no guarantee that the title is valid. Quitclaim deeds are used frequently during the property settlement phase of a marriage dissolution. HERE IS A GOOD SITE AND SCROLL 1/4 DOWN AND YOU WILL SEE THE CORRECT WORDING. www.co.hilldale,mi.us/misc-pages/Tax Sale Rules 2004.pdf * Joint Tenants With Right of Survivorship (JTWRS)and other like forms of titling property cannot be used in conjunction with a quitclaim deed. It is not the proper legal instrument to use to secure property from creditor attachment nor to avoid probate procedures.
Wiki User
∙ 17y ago
Add your answer:
Earn +20 pts
What happens if a person has a quitclaim deed and the original owners did not give up ownership of the property?
A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.
Is property transferred by quit claim deed in Tennessee considered a gift?
Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.
How does a quitclaim deed work on refinancing your home?
A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.
Can a Quit Claim Deed be nullified in Michigan?
A valid deed cannot be nullified. If you were misled into signing a quitclaim deed and can prove it, then yes. The deed could be made null and void by a court order. It is going to be very difficult however. The language in a quitclaim deed leaves no uncertainty as to what rights you are giving up by signing it.
Can a warranty deed be reserve by quit claim deed after a death?
No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.
Uses for quitclaim deed?
A quitclaim deed may be used to convey any interest in real property.
What does 'trust deeded out to a quitclaim' mean?
Your phrase does not make sense. A quitclaim is a deed. A trust does not deed out TO a quitclaim. You need to clarify your question by adding more details.
Can you get your house back if you signed a quitclaim deed?
If you own property and execute a quitclaim deed transferring your interest. You no longer own the property. If the property is subject to a mortgage or if you made the transfer to avoid creditors you have complicated the title and created a problem for yourself but you cannot undo that deed. The grantee in that deed would need to convey their interest back to you. Transferring property that is subject to a mortgage will trigger the "due on transfer" clause. You should consult with an attorney.
Inheritance from joint tenancy quitclaim deed?
There is no 'inheritance' from a joint tenancy. When two people own property as joint tenants with the right of survivorship and one dies the survivor automatically owns the property. Think of it this way: When one owner dies their interest in the property disappears leaving the survivor as the sole owner.
If a Quitclaim Deed is signed and later registered when is it in force?
A quitclaim deed is enforceable against the grantor the moment it is executed and delivered to the grantee.
Do you have to have a house for 10 years to quitclaim deed?
No. There is no time limit of ownership for you to execute a quitclaim deed. Many people execute a quitclaim deed immediately after acquiring their property, especially in commercial real estate transactions or when a straw deed has been executed to make changes in tenancy.
Can you break a joint tenancy deed with quitclaim deed?
Yes.Yes.Yes.Yes.
