Quit Claim Deed Arkansas Form
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People also ask
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How much does a quit claim deed cost in Arkansas?
Per Ark. Code § 21-6-306, the recording fees for a quitclaim deed are $15 for the first one-sided page and $5 for each additional page.
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What are the disadvantages of a quit claim deed?
Quitclaim deeds lack certain protections and promises found in other types of deed to real property. Because of this, they should only be used under certain circumstances. These include transferring real estate between close family members—for instance, from a parent to a child.
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How long is a quitclaim deed good for in Arkansas?
A quitclaim deed itself doesn't have an expiration date in Arkansas. Once recorded with the county recorder's office, it becomes part of the public record and transfers ownership interest. However, there's a two-year window after recording where the validity of the deed can be challenged.
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Can a quit claim deed be contested in Arkansas?
It's usually a very straightforward transaction, but it's possible for a quitclaim deed to be challenged. If a quitclaim deed is challenged in court, the issue becomes whether the property was legally transferred and if the grantor had the legal right to transfer the property.
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How does a quit claim deed work in Arkansas?
All a Quitclaim Deed does is transfer the exact same rights the owner has at that specific time. If there are outstanding claims against the property, the buyer will be subject to all of the claims.
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What is the statute for quitclaim deeds in Arkansas?
Code § 18-12-203: Arkansas quitclaim deeds require the grantor to sign in front of a notary public. Recording Requirements: Ark. Code § 14-15-404: All quitclaim deeds in the state must be submitted to the office of the County Recorder Circuit Clerk for filing. The office will charge a recording or filing fee.
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How does a quit claim deed work in Arkansas?
All a Quitclaim Deed does is transfer the exact same rights the owner has at that specific time. If there are outstanding claims against the property, the buyer will be subject to all of the claims.
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What are the disadvantages of a quit claim deed?
Quitclaim deeds lack certain protections and promises found in other types of deed to real property. Because of this, they should only be used under certain circumstances. These include transferring real estate between close family members—for instance, from a parent to a child.
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