![]() Tenancy in Common – TIC Tenancy in common (TIC) is an arrangement where two or more people share ownership rights in a property or parcel of land. Call us today at 40 or fill out our online form to get the information you need. We will provide the form you need and help ensure the process is as quick and efficient as possible. If you need to transfer property and think a Florida quit claim deed is appropriate, call us at My Florida Deed today. We Can Help with Your Florida Quit Claim Deed If there is no escrow account and the grantee still makes mortgage payments, the lender is not likely to call the whole loan due. Worse, if the lender discovers that you have transferred the property before paying the mortgage in full, they could require you to pay the entire loan amount immediately. ![]() You will still be responsible to the original lender for paying the remaining balance on the mortgage, even after the property is transferred. However, it is crucial to understand that the deed will not transfer the home loan. It is possible to use a Florida quit claim deed when you have an existing mortgage on the property. The grantor’s signature (the grantee’s signature is not required).Name and address of person who prepared the deed. ![]() The Florida Statutes outline certain requirements for quit claim deeds. The office will then enter the deed into official public county records and you will receive the original. The quit claim deed must then be taken to the comptroller’s office in the county where the real property is located. You will typically need the names and addresses of the grantor and the grantee, as well as a homestead designation if the property is the residence of the grantor. To record, or file, a quit claim deed, you must first fill out a Florida quit claim deed form with the accurate information. When property is being transferred to non-relatives, a quit claim deed is usually not appropriate. This lack of a guarantee is the reason people typically use quit claim deeds to transfer property to their own LLC or a family member. A quit claim deed will not provide such a guarantee. The difference between the two is that warranty deeds guarantee, or warranty, that the grantor already has a valid title to the property. Property owners can transfer their property using either a quit claim deed or a warranty deed. Our Florida Quit Claim deed lawyer can help with that.įlat Fee: $375.00 Quit Claim Deeds vs. In Florida, a quit claim deed is usually used to transfer property to the grantor’s family, trust, or LLC. Quit claim deeds may be considered ineffective if the grantor does not have a valid title to the property. When grantors have legal titles that are considered valid and good, and that does not contain any encumbrances, a quit claim deed will transfer it. My Florida Deed > Florida Quit Claim Deeds Florida Quit Claim Deedsįlorida quit claim deeds are legal documents that transfer the title of real property from a grantor, the current owner, to someone else, a grantee.
0 Comments
Leave a Reply. |