Michigan Deed Forms & Templates (Free) [Word, PDF, ODT]

Simply put, a deed is a physical copy of a signed, legal document that transfers ownership of property or an asset to a new owner. It contains the legal description of the property as well as the names of the person buying and the person selling the property.

Contents hide

1 Michigan General Warranty Deed

2 Michigan Quitclaim Deed

3 Michigan Special Warranty Deed

4 Michigan Deed of Trust

5 FAQs

In the state of Michigan, this document needs to be signed and acknowledged by a notary, county clerk, or judge, as stated by MCL § 565.201. Then, it should be filed with the appropriate county records.

Michigan has four common types of deeds, each of which has a slightly different purpose.

Michigan General Warranty Deed

A Michigan general warranty deed, also known as a warranty deed, is a document used to guarantee that there are no problems with the property’s title. It states that the seller has a full claim to the property and can legally sell it to the buyer.

Word ODT PDF

Michigan Quitclaim Deed

Quitclaim deeds are commonly used to transfer Michigan property deeds after a divorce. For example, a couple that divorces likely purchased a piece of property together and is aware that no one else owns the property.

Word ODT PDF

A quitclaim deed allows one party to transfer their portion of the property to the other party in the event of a divorce. They can also be used to transfer property between family members.

Michigan Special Warranty Deed

Michigan law uses covenant deeds instead of special warranty deeds. This type of deed indicates that the person transferring the property will not be held responsible for issues that happened with the title before their ownership of the property.

Word ODT PDF

Michigan Deed of Trust

A Deed of Trust involves a borrower and a mortgage lender. The mortgage lender will loan the borrower a set amount of money to buy real estate, and the borrower will in turn transfer the title of said real estate to an independent trustee. This person is responsible for holding the title until the original borrower repays the loan to their mortgage lender.

Word ODT PDF

This document is similar to a Michigan Mortgage Deed in that it acts as loan repayment security for the property in question. If the borrower is unable to repay their loan, the trustee will start the non-judicial foreclosure process.

FAQs

Let’s address several frequently asked questions about Michigan deed forms.

To transfer a deed in Michigan, the seller or grantor should find the most recent copy of the property deed. A new deed can be created online or through an attorney.

After the deed has been prepared, it should be signed by the seller and notarized before filing with the county the property is located in.

You should receive a copy of the deed to your property at the time of transfer. Additional copies will be filed with your county’s assessor office.

There are state and county transfer tax rates for transferring deeds in the state of Michigan. Transferring a property deed will cost $3.75 for the state and $0.55 for the county for every $500 of value transferred. All deed documents cost $30 to record with the state regardless of county.

Attorneys and title companies typically assist sellers with the preparation of deeds.