Quitclaim Deed For Foreclosed Property
Quitclaim Deed For Foreclosed Property
I. Introduction
This Quitclaim Deed ("Deed") is made effective as of [Date], by and between [Your Name], hereinafter referred to as the "Grantor," and [Grantee], hereinafter referred to as the "Grantee."
II. Background
WHEREAS, the Grantor is the rightful owner of the real property located at [Property Address], legally described as [Legal Description of Property], and
WHEREAS, the aforementioned property has been foreclosed upon, and the Grantor has elected to transfer all rights, title, and interest in said property to the Grantee pursuant to this Quitclaim Deed.
III. Transfer of Title
NOW, THEREFORE, in consideration of the sum of [Consideration Amount], receipt of which is hereby acknowledged, the Grantor does hereby remise, release, and forever quitclaim unto the Grantee all rights, title, and interest in and to the property described above.
IV. Execution and Delivery
The Grantor warrants that they are the rightful owner of the aforementioned property and have full authority to convey the same. The Grantor further warrants that the property is free and clear of all encumbrances, except as specifically disclosed herein.
V. Acceptance by Grantee
The Grantee hereby accepts this Quitclaim Deed and agrees to assume any and all responsibilities associated with the ownership of the property described herein.
VI. Governing Law
This Quitclaim Deed shall be governed by and construed in accordance with the laws of the jurisdiction in which the property is located.
VII. Counterparts
This Quitclaim Deed may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
VIII. Conclusion
IN WITNESS WHEREOF, the Grantor has hereunto set their hand and seal the day and year first above written.
[Your name]
NOTARY ACKNOWLEDGEMENT
STATE OF , COUNTY OF
On this day of , 20 before me, , a Notary Public in and for the said State, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
[Notary Seal]
[Notary Public Name]
My Commission Expires: ___________________
