In order to alter ownership, quit claim deeds are normally used. For the purpose of real estate ownership transfer, quitclaim deed forms are the standard way in California. The process is quite straightforward. A notary remains present, and the grantor or the property owner administers his sign in the quitclaim. The signed form is then given to the grantee or the new owner, while recorder’s office records this transfer. After the recording is done, the process of transfer is regarded as complete. In order to fill the form well, parcel number of the accessor, the name of the grantee, the name of the grantor, legal description of the property etc. are vital. Some other details associated with tax are also required.
For the sake of convenience, the general method is described below:
1. First of all, you need to collect a blank quitclaim deed form made for using in the state of California. The form can be collected from a stationary store, or from a real estate agent. You can also download the form using certain websites of county recorders. The website of the Recorder for the County of Ventura is one example of such a website.
2. The next step is to enter the information regarding the grantee, or the new owner of the property. This not only helps in the process of sending tax statements to the new owner in future, but also proves useful for the purpose of returning the original quitclaim deed to the grantee.
3. The step that follows involves parcel number. You can find parcel number on the property’s tax bill. It can also be seen on certain other deeds. After locating the parcel number, you are required to enter the same in the blank space next to “APN” located at the top of the form.
4. After that, you have to calculate the tax for the transfer of the document. The amount of tax obtained should be entered in the required field at the top portion of the quit claim form. The amount of tax depends on the property’s value, and there is a formula for tax determination which you can get from any of the county recorder’s websites. It is possible to get the formula directly from a county recorder too. Please note that in some special cases, tax may be exempted. This exemption mostly depends on the purpose of quitclaim deed record. You may collect a notice regarding exemptions in the office of the recorder. In case any of the mentioned exemptions holds true in your situation, the exemption needs to be entered in place of the tax.
5. When the first line ends after the phrase "FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, I (We)…", you need to put the name of the associated grantor. In another place of the form, you are going to see the phrase "hereby remise, release and quitclaim to …"; enter the grantee name after this particular phrase. The form includes spaces for entering the names of country and city as well, so enter the names accordingly.
6. Above the line of signature for the associated grantee, you are going to find little blank space. In that space, the property’s legal description has to be entered. It is wise to check the accuracy of the description after entering, as it may prove to be very troublesome in case the entered legal description is not completely right and accurate.
In the state of California, a form known as Preliminary Change of Ownership Report also needs to be submitted to the recorder whenever recording of a real estate document regarding ownership changes is done. You can get this form easily in the office of the recorder. Note that it is possible for the recorder to accept and approve your California quitclaim deed even if you refrain from entering that form, however in that case, you will have to pay an additional $20 for the purpose.
You can visit this site to get California Quit Claim Deed Form