The Michigan Quit Claim Deed is used to transfer ownership of real estate from one party to another. This type of deed is most often used when the property is being given as a gift. The quit claim deed offers ZERO protection to the buyer (or receiver). The Michigan quit claim deed simply transfers whatever rights the holder has to the property.
The Michigan quit claim deed is a legal record that is used to move ownership of real property from one person to another. Due to the fact that they are an immediate method to finalize real estate transfers, quit claim deeds are likewise often called quick claim deeds. The moment it is signed, the deed needs to be recorded in your local tax office, registry of deeds, or wherever real estate transactions are recorded in your area.
When real estate is transferred without a common sale, the Michigan quit claim deed is most regularly utilized. An example would be home being moved in between family members such as mothers and fathers giving or selling a property to their child. This form of deed can similarly be used between separating partners when one spouse keeps the residence and the other is relinquishing his/her rights to the home. Transfers entailing a quit claim deed do not generally need a title search or title insurance coverage.
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