A deed can be transferred to another person by getting a certified copy of the existing deed, filling out a form, and then having the executed deed recorded by the jurisdiction where the property is located, according to J. Hirby for The Law Dictionary. Homeowners should be familiar with legal basics of real property ownership.Know More
Once a copy of the existing home deed is obtained, information such as owner names, address, tax assessment number and legal description should be reviewed for accuracy, says Hirby. A state-specific deed form, available from the county clerk or other sources, is then completed. The unsigned document is taken to the county recorder's office, along with proper identification documents of the people engaged in the transfer. The county clerk notarizes and witnesses the signing, and then records the document. Any notary can be used for this last step, and the executed deed can be recorded at any time.
A warranty deed defines ownership and selling rights, while a quitclaim deed transfers interest from one person to another, notes Hirby. Both of these may guarantee title to the property, but title insurance policies are the documents used to protect against any future claims by others. When people get married or divorced, quitclaim deeds are commonly used to give or remove joint ownership of a property.Learn more about Financial Planning
Changing the name on a house deed requires a certified copy of the existing deed with all pertinent information filled in, and a fill-in-the-blank deed form with the new information filled in, left unsigned. These forms, along with proper identification need to be taken to the county recorder's office for the change to be granted. Fees vary by county for this service.Full Answer >
A quit claim deed or deed form allows for the transfer of property from one individual to another without any guarantee as to the transferring person's interest, according to Nolo. It transfers whatever interest a person has in the property, regardless of whether such interest actually exists.Full Answer >
A beneficiary deed allows a property owner to name a beneficiary who obtains the title to the property at the owner’s death without the hassle of probate, according to Susan N. Gary writing for the American Bar Association. It is also known as a transfer-on-death deed.Full Answer >
A survivorship deed is a legal document that establishes joint tenancy of property between two parties. When one party dies, the surviving party automatically inherits the deceased's part of the property.Full Answer >