Quitclaim Deed from Corporation to Individual Iowa Form
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People also ask
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How do I transfer a property title to a family member in Iowa?
A Bill of Sale (PDF) signed by the seller/transferor is required for all title transfers even if the transfer is a gift. A Buyer/Transferee has 30 days to present the properly assigned title to the County Treasurer so that a title can be issued in the Buyer/Transferee name. Penalties will apply after 30 days.
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What is the main purpose of a warranty deed?
A warranty deed is a legal real estate document that protects the buyer and ensures that the seller holds a clear title to the property, has no outstanding liens or mortgages, and there will be no future claim to the title of the property.
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What is a warranty deed in Iowa?
Warranty Deed - A deed in which the grantor warrants the title against defects arising at any time, either before or after, the grantor obtained his interest in the land. It assures that the grantor is the true owner, has the right to pass title and guarantees the title to be merchantable.
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What is required on a warranty deed in Iowa?
A lawful warranty deed includes the grantor's full name and marital status, as well as the grantee's full name, marital status, mailing address, and vesting. Vesting describes how the grantee holds title to the property.
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Who benefits the most from a warranty deed?
Who Benefits the Most from Recording a Warranty Deed? The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
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How do I remove someone from a deed in Iowa?
To add or remove someone from your deed following a marriage, divorce, death, etc., we recommend contacting an attorney or abstract/title search company to have the proper documentation drawn up and recorded. The Auditor's office cannot prepare deeds for property owners.
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What are the rules for a quit claim deed in Iowa?
The grantor should sign the quitclaim deed before a notary public, per § 558.20. § 9B provides notarization requirements. Per § 561.13, you may also need the grantor's spouse's signature if the transferred property is a homestead occupied by the married couple.
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What is a quitclaim deed in business law?
What does a quitclaim deed do? A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property.
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