Irvine, California (PRWEB) June 18, 2012
Deed And Record has provided internet service for two years to change ownership in California real property and timeshares by quit claim deed. Quit Claim deeds are used to fund trusts, for inter-spousal transfers and gifting.
Deed and Record prepares the following quit claim deeds:
Transfer of real estate property into a trust
Add or remove a spouse as co-owner to real estate property
Give away real property
Deed and Record is the low cost provider in quitclaim deed preparation and recording. Save at least $150 compared to other online services.
Why a Quit Claim Deed?
A quit claim deed does not contain any implied warranties. The owner who quit-claims real estate simple conveys whatever ownership interest he or she has along with any debt or loans secured by the property. The quitclaim owner makes no promises and the property is taken “as is.” A quit claim is the easiest and cheapest way to transfer ownership to a trust, add or remove a co-owner or give away a timeshare.
Why Preliminary Change of Title Report?
Each county assessor's office in California reviews all recorded deeds for that county to determine which properties require reappraisal under the law. Proposition 13 requires the county assessor to reassess the property to its current fair market value as of the date the change.
Since property taxes are based on the assessed value of a property at the time of acquisition, a current market value that is higher than the previously assessed Proposition 13 adjusted base year value will increase the property taxes. But there are exclusions.
To obtain the exclusion, the grantee fills out a form for the county assessor entitled Preliminary Change of Ownership Report (PCOR). Examples of exclusions from reassessment are: transfers of real property between husband and wife, which include transfers in and out of a trust for the benefit of a spouse, the addition of a spouse on a deed, transfers upon the death of a spouse, and transfers pursuant to a divorce settlement or court order.
Why Record the Deed?
The deed must be made part of the public record so the world knows there has been a change of ownership. The deed must be recorded in the county where the real property is located.
Make it Legal
A properly prepared quit claim deed must have a legal description so the county recorder’s office can add the deed to the public chain of title. The legal description is not the street address. The legal description has at a minimum the map, block and lot number of the real estate property. The county recorder will not accept a quitclaim deed without a legal description.
Receive Personal Service
Now you can use the internet to have your quit claim deed prepared and recorded. With the internet you never leave your house while at the same time you receive personal service from a real person.
To begin or for more information please go to http://www.DeedAndRecord.com, or call Mark at 949-474-0961 or email to Mark(at)DeedAndRecord(dot)com.