[MI] Should a co-owner be listed as both grantor and grantee when transferring property via quitclaim deed?

MI Real Estate Law

Howardk06131

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No, the grantors would be both of you and the grantee would be him. You would both sign the transfer in front of a notary, attach the land description, and then file it with the Recorder of Deeds in the county. He can technically appear as both grantor and grantee. (MI Comp L § 565.49)

Michigan Quit Claim Deed

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Hello, I am preparing a quitclaim deed for a property that my brother and I both inherited and I am transferring the deed just into his name. Would he be listed as just the grantee or both the grantor and grantee as well? Thanks.

Lexi, Chatbot

I understand that dealing with property transfers can be a bit confusing. Can you please confirm if you are the only grantor on the quitclaim deed?

My brother and I are both on the deed currently. I don’t know if he would be a grantor according to the quitclaim deed or not because he will be the only one remaining on the deed.

Lexi, Chatbot

Have you already discussed this transfer with your brother, and is he in agreement with the change?

Yes.

Howardk06131

Hello, I am Howard, an attorney here to assist you.

Howardk06131

In preparing a quitclaim deed, it is an easy way to transfer property. Are you able to see my intake questions?

Yes, I am writing it.

Howardk06131

Thank you. The person who is currently on the deed is called the grantor, and the party receiving the property is the grantee.

Okay, so it shouldn’t be a problem if he is listed as both?

Howardk06131

Got it. Thanks. Do you know if he would also be listed as the buyer and seller for the required tax affidavit document too? Or would I be the only seller and he be the buyer?

Howardk06131

Is this just a transfer with no real money being exchanged?

No real money being exchanged.

Howardk06131

Where are you located?

Gladstone, Michigan. The house/property is in Wilson, Michigan. My brother currently lives in New Mexico.

Howardk06131

Thanks. You want to write on the deed “for no monetary consideration.”

Okay, we can do that, but for the tax affidavit it just has a seller entry block and a buyer entry block. Should I write in those areas that we are not exchanging money too? This document also needs notarized.

Howardk06131

You want to file Form L-4258 and indicate that this is for no monetary value, then file it with the quitclaim deed.

Okay thanks.

Howardk06131

3,365 satisfied customers

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