What is a Quitclaim Deed in Pennsylvania?
A Quitclaim Deed is a legal document used to transfer ownership of real estate from one party to another. In Pennsylvania, it allows the grantor to relinquish any claim they have on the property without guaranteeing that they hold clear title. This means that the grantee receives whatever interest the grantor has, if any.
When should I use a Quitclaim Deed?
Quitclaim Deeds are commonly used in specific situations, including:
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Transferring property between family members.
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Clearing up title issues.
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Transferring property into a trust.
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Divorces, where one spouse transfers their interest to the other.
How do I complete a Quitclaim Deed in Pennsylvania?
To complete a Quitclaim Deed, follow these steps:
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Obtain a blank Quitclaim Deed form.
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Fill in the names of the grantor and grantee.
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Provide a legal description of the property.
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Sign the document in front of a notary public.
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File the completed deed with the county recorder's office.
Do I need a lawyer to create a Quitclaim Deed?
While it is not legally required to hire a lawyer, consulting with one can be beneficial, especially if there are complex issues involved. A lawyer can help ensure that the deed is correctly filled out and that all legal requirements are met.
What is the cost to file a Quitclaim Deed in Pennsylvania?
The cost to file a Quitclaim Deed varies by county. Generally, you can expect to pay a filing fee, which typically ranges from $50 to $150. Check with your local county recorder's office for the exact fees.
Is a Quitclaim Deed the same as a Warranty Deed?
No, a Quitclaim Deed is not the same as a Warranty Deed. A Warranty Deed provides guarantees that the grantor holds clear title to the property and has the right to sell it. In contrast, a Quitclaim Deed offers no such guarantees and simply transfers whatever interest the grantor may have.
Can a Quitclaim Deed be revoked?
Once a Quitclaim Deed is executed and recorded, it cannot be revoked. The transfer of ownership is final. If you need to reverse the transaction, you would have to execute a new deed transferring the property back to the original owner.
Do I need to have the Quitclaim Deed notarized?
Yes, in Pennsylvania, a Quitclaim Deed must be signed in front of a notary public to be legally valid. This notarization verifies the identities of the parties involved and their willingness to execute the document.
What happens after I file a Quitclaim Deed?
After filing the Quitclaim Deed with the county recorder's office, the deed becomes part of the public record. The grantee should keep a copy of the deed for their records. It is advisable to check with the recorder's office to ensure the deed has been properly recorded.