A deed can be transferred to another person by getting a certified copy of the existing deed, filling out a form, and then having the executed deed recorded by the jurisdiction where the property is located, according to J. Hirby for The Law Dictionary. Homeowners should be familiar with legal basics of real property ownership.Continue Reading
Once a copy of the existing home deed is obtained, information such as owner names, address, tax assessment number and legal description should be reviewed for accuracy, says Hirby. A state-specific deed form, available from the county clerk or other sources, is then completed. The unsigned document is taken to the county recorder's office, along with proper identification documents of the people engaged in the transfer. The county clerk notarizes and witnesses the signing, and then records the document. Any notary can be used for this last step, and the executed deed can be recorded at any time.
A warranty deed defines ownership and selling rights, while a quitclaim deed transfers interest from one person to another, notes Hirby. Both of these may guarantee title to the property, but title insurance policies are the documents used to protect against any future claims by others. When people get married or divorced, quitclaim deeds are commonly used to give or remove joint ownership of a property.Learn more about Financial Planning