A Quick Claim Deed Form is basically drawn for property or real estate transaction, where an individual can bring third person to the title of the property making him co-owner by transferring the title or remove some person from the co-ownership of the real estate or property. The transfer can be carried out by selling or through the gift. Any individual can also use Free Quick Claim Deed Form, which is easily available through Internet or any other sources. They can fill it up as required but one should seek the assistance of legal advisor to find out its validity as per the state requirements. Once the deed is signed, it can be delivered to the title transferred individual and get it recorded.
The person transferring the title is known as Grantor, whereas, the person receiving the title or the individual who is the recipient of transfer is known as Grantee. The transfer through Quit Claim Deed does not bound grantor or makes any guarantee, that the transferred property is free of any debt or liability. The grantor also does not have to specify that any other person holds any claim to the property thus transferred. The whole transaction of transferring only stipulates the shifting of the title, hold by the grantor at the time of transfer. The deed also does not prove or show that the person transferring the title has any ownership title to the co-ownership property.
These reasons make it necessary the person receiving the title should investigate thoroughly with the assistance of a lawyer, to find out in-depth details about the property and any state requirements regarding the transfer.
Now suppose, you have signed the Free Quit Claim Deed Form but now suddenly have the second mind about the transfer of the title, can you reverse back the process or refuse to transfer the title? The answer is no. If you have second thoughts about keeping the property after the signing of the deed, then forget about the redresses, because, once the form is signed, it is final, as the status of title transferred remains transferred and can not be reverted back, whether you have second thought or change of mind. After signing of the deed, you have already quit the claim to the property.
Though you can try to strengthen you repossession claim, citing the reason of signing the deal under duress or threat and may take the assistance of the lawyer to invalidate the deed. There are also provisions in the law about dealing with the felony charges and fraudulent actions and are punishable with the law but such cases are difficult to prove and results as unsuccessful. So the best way is, to think twice and seek the advice of the lawyer before signing of the filled Free Quick Claim Deed Form, transferring the title.
The grantor should also need to consult about the Medicaid long term care benefits because transferring of the title below market value may affect prevailing Medicaid benefits.
Below find a specimen of Free Quick Claim Deed Form template for general information and understanding the type of such form:
THE GRANTOR_______________________________________of_____________________
City of________________________________ ,County of ________________________,
State of_____________________________ ,for the consideration of________________
_________________________________ CONVEY__________ and Quick CLAIM______
to_______________________________ of ________________________, City of__
______________, County of______________________, State of_________________,
all interest in the following described real estate in the County of_______
______, in the State of_____________________, to wit:
Dated this____ day of_______,20___.
___________________________________
Grantor’s Signature
___________________________________
Type or Print Name
___________________________________
Recipient Signature
__________________________________
Type or Print Name
___________________________________
______________________________________________________________________
STATE OF__________________________
COUNTY OF________________________
IN WITNESS WHEREOF, The said first party has signed and sealed these presents the day and year first above written. Signed, sealed and delivered in presence of:
_________________________________ __________________________________
Signature of Witness Signature of First Party, Grantor
_________________________________ __________________________________
Print name of Witness Print name of First Party
_________________________________ __________________________________
Signature of Witness Signature of First Party, Grantor
_________________________________ __________________________________
Print name of Witness Print name of First Party
STATE OF _________ COUNTY OF _________________
On ________________________ before me, ________________________________ ,
Appeared ___________________________
personally known to me (or proved to me on the basis of satisfactory evidence) to be the
person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their
signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s)
acted, executed the instrument.
WITNESS my hand and official seal.
___________________________________________
Signature of Notary Affiant _____Known_____ Produced ID
Type of ID _______________________
(Seal)
________________________________
Signature of Preparer
________________________________
Print Name of Preparer
________________________________
Address of Preparer
This form is provided for general information.