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==One Answer== The best way to determine the quality of title to real property is to have a title examination performed by a professional title examiner. The title examiner does not need to be an attorney but if not, she should be working with an attorney who will review the title abstract and any problems reported. There should always be an attorney involved in a land transfer. In the last few years there has been an upsurge in the number of "title examiners" and "title companies". However, they are not necessarily professional. A professional title examiner should have an extensive background in title theory, real property law and conveyancing in your state. They should know the practice standards in your state and the time period that should be covered by the title examination. In Massachusetts we have the real estate Bar Association Title Standards. A comprehensive title examination would reveal any defects in the title. The supervising attorney would then obtain the necessary documents or take the necessary legal action to clear the defects. Many problems disclosed by the title exam are minor and many problems that are found are insurable by a title policy. The good news is that most title examinations reveal a clear title. The title examination is the most important step in purchasing real estate.
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Can a living trust override a Quitclaim deed in Oklahoma?
It's certainly a possibility. Quitclaim deeds are the most risky way to transfer property. They do not guarantee that the person transferring the property has clear title or the legal right to take the action making such a transfer open to legal challenge.
How do you find out what you are actually getting when you purchase a quitclaim deed?
Answer To determine the quantity of land and quality of title that will be conveyed by a quitclaim deed you must seek the help of a real estate attorney who will have a title examination performed by a professional.
What is a quite claim?
A quitclaim deed transfers whatever interest the maker of the deed may have in the particular parcel of land. By accepting such a deed the buyer assumes all the risks. A quitclaim deed makes no warranties as to the title, but simply transfers to the buyer whatever interest the grantor has.A quitclaim deed can indicate the grantor's interest in a property is questionable or can be given to clear a title defect. However, it is also the form commonly used in many jurisdictions to transfer real property to an new owner. A comprehensive title examination performed by ba professional mitigates any risk by disclosing any outstanding encumbrances or title defects.
If you buy a quitclaim deed how do you know what is included in the deed if the person selling it does not know?
To determine the quantity of land and quality of title that will be conveyed by a quitclaim deed you must seek the help of a real estate attorney who will have a title examination performed by a professional.
Can you quitclaim a car?
No. The transfer of ownership of automobiles is done by signing the Certificate of Title over to the new owner. The new owner must take the bill of sale and the Certificate of Title to the state Department of Motor Vehicles. They will take the Certificate of Title and issue a new one in the new owner's name. "Quitclaim" generally refers to a quitclaim deed which is used to transfer any interest a person has in real estate.
is title clear?
is the title clear
How do you remove your father in laws name off the title of your home?
He must execute a quitclaim deed with you as the grantee.
If it's not stated on a quitclaim deed is ownership in common?
A proper quitclaim deed will state (paraphrased) that the person, their title, address signs ownership to the other person, title and address. If the quitclaim is signing the property over to two people, then the phrase needs to match what they will have on the deed (in common, with rights of survivorship) and so on. Your title company can help with making the right choice. The signatures should be notarized. Clarification: Yes. If no tenancy is recited then the result is a tenancy in common.
Can you give cost to purchase rights using quitclaim form?
No. A quitclaim deed is used to transfer the title to real property. If you want to enter an agreement regarding the cost then you need to see an attorney about a sales contract or purchase and sale agreement.No. A quitclaim deed is used to transfer the title to real property. If you want to enter an agreement regarding the cost then you need to see an attorney about a sales contract or purchase and sale agreement.No. A quitclaim deed is used to transfer the title to real property. If you want to enter an agreement regarding the cost then you need to see an attorney about a sales contract or purchase and sale agreement.No. A quitclaim deed is used to transfer the title to real property. If you want to enter an agreement regarding the cost then you need to see an attorney about a sales contract or purchase and sale agreement.
What deed does not convey after-acquired title?
Generally, a quitclaim deed does not convey after-acquired title. It conveys only the interest owned by the grantor at the time of the deed. In Massachusetts a warranty deed conveys after-acquired title.
Can you remove your wife from the title?
If she is also paying the mortgage, then you will need to get the agreement of the lender to do this. At my divorce, I signed a quitclaim, which may be what you need.
Which deed is distinguished by the covenant asserting that the grantor did not personally encumber the title during the period that he or she held it?
Such a deed would be a quitclaim deed.
