Is a quitclaim deed legal in Michigan?

Michigan uses quitclaim deed Form 863, which is different in each county, so make sure to get the form at the office or website of the County Register of Deeds in the county where the property is located. Once the deed is filed and recorded, the transfer is deemed legal.

How much does it cost to file a quit claim deed in Michigan?

There will be a $30 recording fee. If you prepare a quitclaim deed using the Do-It-Yourself Quitclaim Deed (after Divorce) tool, detailed instructions on what to do next will print out along with the deed.

Does a quit claim deed need to be notarized in Michigan?

In Michigan, a quit claim deed must be signed by a witness, in addition to the notary, to make it legal. After all required signatures are collected and notarized, file the document with your local register of deeds to complete the transaction.

What can you do with a quitclaim deed in Michigan?

Use our Michigan Quitclaim Deed to release your rights and ownership claims over property you’re selling or gifting. A Michigan (MI) quitclaim deed allows a property’s owner (grantor) to transfer ownership and interest in a property to another party or buyer (grantee) without the title search process.

Can a quitclaim deed be transferred to a grantor?

Quitclaim deeds transfer only the part of the property the grantor actually owns, so if the grantor owns one-fourth of the property, that’s all he can transfer to the grantee. If you’re the grantee, be mindful that quitclaim deeds can be risky if you don’t know or trust the grantor or know the property’s history.

What do you need to know when transferring a deed?

Be sure you’ve properly written your name as the grantor (party who is transferring the property) and the full legal name of the grantee (new owner). The name of the grantor on your new deed should match the name on the current deed.

When to pay real estate transfer tax in Michigan?

Transfer Tax must be paid at the time of recording for all documents which transfer an interest in property unless a proper exemption is noted. The transfer tax rate is computed at $1.10 per $1,000 for Wayne County, and $7.50 per $1,000 for the State of Michigan State Real Estate Transfer Tax Act (Excerpt) Act 330 of 1993