REAL ESTATE / ESTATE PLANNING - QUITCLAIM DEED - A Quitclaim Deed is a legal document used to transfer a person's interest in real property to another person or entity, but it does not guarantee that the grantor has any ownership rights or that the title is free from defects.
Unlike a Grant Deed, a Quitclaim Deed doesn't guarantee that the grantor has a valid ownership interest in the property. If the grantor doesn't have any ownership interest, the grantee (the person receiving the property) has no recourse against the grantor.
Common Uses:
- Family Property Transfers: Transferring property between family members, like from parent to child or between spouses.
- Divorce Settlements: One spouse transferring their interest in the property to the other spouse.
- Adding or Removing a Spouse: Adding or removing a spouse from the property title after marriage or divorce.
- Transferring to a Trust: Transferring property into or out of a trust.
- Correcting Title Errors: Fixing minor errors in a property's title.
Does not include any State or Federal Court Fees or any Third-Party Costs such as County Recorder or E-Filing Fees.
REAL ESTATE / ESTATE PLANNING - QUITCLAIM DEED (Nationwide)
REAL ESTATE / ESTATE PLANNING - QUITCLAIM DEED - A Quitclaim Deed is a legal document used to transfer a person's interest in real property to another person or entity, but it does not guarantee that the grantor has any ownership rights or that the title is free from defects.
Unlike a Grant Deed, a Quitclaim Deed doesn't guarantee that the grantor has a valid ownership interest in the property. If the grantor doesn't have any ownership interest, the grantee (the person receiving the property) has no recourse against the grantor.
Common Uses:
- Family Property Transfers: Transferring property between family members, like from parent to child or between spouses.
- Divorce Settlements: One spouse transferring their interest in the property to the other spouse.
- Adding or Removing a Spouse: Adding or removing a spouse from the property title after marriage or divorce.
- Transferring to a Trust: Transferring property into or out of a trust.
- Correcting Title Errors: Fixing minor errors in a property's title.
Does not include any State or Federal Court Fees or any Third-Party Costs such as County Recorder or E-Filing Fees.