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My Florida Deed > Orlando Quit Claim Deeds

Orlando Quit Claim Deeds

An Orlando quit claim deed is useful when one person, known as the grantor, wishes to transfer the title of a property to someone else, the grantee. If the grantor has a title on the property that is considered legitimate and legal, a quit claim deed will transfer the property to the grantee. Unfortunately, if the grantor does not have a proper and legal title on the property, a quit claim deed can be rendered ineffective.

Generally speaking, people cannot transfer more property than they rightfully own. As a result, if someone tries to transfer full legal title to a certain property when they do not actually have a legal title, the deed is considered ineffective. An Orlando quit claim deed is most appropriate when the property is being transferred to the grantor’s own LLC, a trust, or a family member. An Orlando quit claim deed lawyer can help guide you through the process.

An Orlando Quit Claim Deed is Different from a Warranty Deed

It is not uncommon for people to think that quit claim deeds and warranty deeds are the same thing, but the two do have differences. Both of these deeds will transfer ownership in a property from one person to another. However, warranty deeds provide more protection to the new owner.

A warranty deed guarantees that the title to the property is valid and does not contain any defects. A quit claim deed does not provide such a guarantee. As a result, warranty deeds are more appropriate when the two parties do not know each other, while quit claim deeds are usually sufficient for transactions between two family members.

Are Quit Claim Deeds Effective After a Grantor’s Death?

Quit claim deeds are no longer effective once the grantor passes away. After executing and recording a quit claim deed, the provisions within it take place immediately and cannot be put off to some time in the future. In the event that someone wants to transfer property to another person after their death, a lady bird deed is more appropriate. A lady bird deed will allow the current owner to use and control the property during their lifetime, and transfer the property to another person upon their death.

How Much Does a Quit Claim Deed Cost in Orlando?

It is not necessary to work with an attorney when preparing a quit claim deed, but doing so can protect against the risk of making a mistake and the headaches and stress that come along with it. When working with an attorney, a quit claim deed will cost less than $200, but will ensure the deed is drafted properly and that it is valid.

Call for Your Quit Claim Deed in Orlando Today

If you wish to transfer your property easily and quickly, call our attorneys at My Florida Deed for your Orlando quit claim deed today. We will provide the necessary forms and sound legal advice to ensure your title is valid. Call us today at 407-205-2906 or fill out our online form to obtain the information you need.

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WARRANTY DEED

A Warranty Deed conveys property from the old owner (Grantor) to the new owner (Grantee) together with a guarantee that the Grantor has legal right, title, and interest in the property being conveyed and is authorized to do so. The warranty being given by the Grantor assures the Grantee that no one else has a valid ownership claim in the property. Essentially, it is the Grantor promising the Grantee that the Grantor is the only rightful owner of the property, and as such, the Grantor has the full authority to convey the property. This type of deed further provides a promise from the Grantor to the Grantee that the Grantor will defend against anyone who might come forward at any time in the future and try to make a claim that they had an interest in the property at the time of the conveyance to the Grantee.

This type of deed is generally used when consideration is being paid for the sale of the property between two unrelated parties.

Flat Fee: $175.00

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*Does not include Documentary Stamps, if required by the State of Florida

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Quit claim Deed

A Quit Claim Deed conveys any interest that the old owner (Grantor) may have in the property to the new owner (Grantee). Although this type of deed does successfully convey any interest the Grantor may have, it does not provide a warranty, or guarantee, to the Grantee that the Grantor had the legal right, title, and interest in the property to convey it. That is not necessarily to say that the Grantor does not have the legal right, title, and interest in the property being conveyed. It just relieves the Grantor from binding himself to a promise made to the Grantee regarding the property interest being conveyed.

This type of deed is generally used for the conveyance of property between related parties or when no consideration is being paid, such as for a gift or estate planning purposes. This type of deed is also commonly used for property transfers made in connection with a divorce.

Flat Fee: $175.00

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LADY BIRD Deed

A Lady Bird Deed is a unique form of deed created by statute in the State of Florida, and a powerful tool to avoid probate. With the Florida lady bird deed, you give yourself a life estate interest in your property and appoint remaindermen to become owners immediately upon your death. A life estate is a right to live in the property until your death. Remaindermen are like beneficiaries of your estate, who have a future ownership interest. What makes Florida lady bird deeds so valuable is that you retain full interest in the real property. As the life tenant you reserve for yourself the right to sell, encumber, and otherwise do as you please with the real estate during your lifetime, and without and knowledge or consent of the remaindermen. You may also change the remaindermen at any point in time or even revert the whole interest back to yourself.

Flat Fee: $175.00

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CORRECTIVE Deed

A Corrective Deed can be executed and recorded to fix any errors in the original deed, including those that are otherwise fatal to the validity of the prior deed, such as an improper legal description. If the original deed contains significant errors, a new deed must be executed. A corrective deed is required when a grantor transfers property he or she once owned but does not any longer, errors that exceed simple typos in significance exist in the deed, or the deed lacks sufficient witness(es) or a notary acknowledgment. Invalid deeds can be rendered valid again if a Corrective Deed is made a matter of public record. Doing so clarifies the intent of the original deed.

Flat Fee: $175.00

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