A quitclaim deed is not used in a typical transfer of property between a buyer and seller. Rather, most transactions involve the use of a general warranty deed. A general warranty deed offers the highest level of protection; it guarantees to the buyer that the seller owns the title, that he is legally allowed to […]Continue Reading... Comments Off on When to Use a Quitclaim Deed to Transfer Property
A general warranty deed is by far the most common type of deed and is used in traditional property sales between parties that do not know one another. It is the most extensive type of deed with respect to the kinds of protections and representations it makes. A general warranty deed guarantees that the seller […]Continue Reading... Comments Off on When Does a Buyer Not Require a General Warranty Deed?
All transactions for the sale of real property must be evidenced by a deed. A deed is the formal legal document that transfers ownership of the property and is recorded at the local county courthouse or recorder’s office where the property is located. While the requirements for deeds vary from state to state, in general, […]Continue Reading... Comments Off on The Use of Special Warranty and Quitclaim Deeds
Just Sign a Quitclaim, Right? WRONG We often receive inquiries from prospective clients who want a “simple quitclaim deed.” They either want to add a spouse to the title on their house, or want to transfer a property to an LLC. Just sign a quitclaim deed, right? WRONG. While signing and filing a quitclaim deed […]Continue Reading... Comments Off on Quitclaim Deed