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#EXAMPLE OF A QUIT CLAIM DEED COMPLETED TEXAS FULL#
#EXAMPLE OF A QUIT CLAIM DEED COMPLETED TEXAS FREE#

That is, they actually convey the interests owned by the Grantor in the real property being conveyed. Each of these Deeds primarily accomplishes the same thing. There are three basic types of Deeds in Texas which are used to convey real property*: (1) General Warranty Deed, (2) Special Warranty Deed, and (3) Deed Without Warranty. To understand the reasons why, you must know a little background about the type of deeds typically used in Texas to transfer real property. Believe it or not, a Quitclaim Deed is really not a Deed. Scott AlagoodĪ Quitclaim Deed in Texas is somewhat of an oxymoron. It is important to be sure any form used adheres to the laws of the state and county in which the property exists.Should I use a Quitclaim Deed? by R. The following quit claim deed sample is generic. Some online resources provide interactive quit claim deed samples. Quit claim deed forms are available from the county clerk or recorder, and anyone may find a quit claim deed sample online. Once a quit claim deed form is properly executed, all of the legal requirements having been met, the deed must be filed with the court clerk or county recorder in the county in which the property is located. Signature, date, and official seal of a notary public in the county where the property is located.The signatures of both the Grantor and Grantee.The name and address of the individual or entity who will receive tax bills and information.The date the transfer will take place (as it can occur immediately or sometime in the future).Address and physical or legal description of the property.Name of the county in which the property is located.Names of both the Grantor and the Grantee.While these vary slightly by jurisdiction, it is common for quit claim deed forms to include the following information: Clarifying whether real property is joint or separate in a marriage Quit Claim Deed FormĪll states have specific laws regarding required elements of a quit claim deed form.Changing interest in real property between current owners.

Correcting information on an existing deed (such as a misspelled name).

Transferring real property into a trust.

Gifting real property to another person (such as a wedding gift).

As life circumstances change, people often change their interests or ownership in property, making a quit claim deed useful in such situations as: Quit claim deeds can be used in a number of other situations. The state keeps $27,500 of the sale price to satisfy Susan’s tax debt, returning the remaining $96,500 to Susan. The home is seized by the state and sold at auction for $124,000. For example, Susan owns her home, but falls behind on her property taxes, owing $27,500. In this case, the proceeds of the auction are used to pay off the tax debt whatever proceeds of the sale are left over belonging to the property owner.

The state files a quit claim deed transferring whatever interest in the property it owned to the buyer, and no more. Some states use quit claim deeds when real property is seized and sold at auction to satisfy unpaid taxes.

#EXAMPLE OF A QUIT CLAIM DEED COMPLETED TEXAS FULL#

The deed is filed with the county recorder, giving John full claim to the home. Cindy would sign a quit claim deed terminating her interest in the property. For example, during the settlement of John and Candy’s divorce, John is given ownership of the family home. A quit claim deed may be used in a divorce, when one spouse transfers all ownership interest in certain marital property, such as the family home. Common Uses of a Quit Claim Deedĭue to the lack of warranty that comes with a quit claim deed, this type of deed is often used to transfer real property between family members or other individuals that have a close relationship, or into a trust. It is possible that a Grantor of a quit claim deed has no actual interest in the property whatsoever and, because the deed inherently has no warranty, the Grantee receives nothing, and likely has no legal recourse.

#EXAMPLE OF A QUIT CLAIM DEED COMPLETED TEXAS FREE#

In basic terms, the Grantor does not make any promises regarding his actual ownership of, or interest in, the property, or that the title is free and clear.