Quit Claim Deed

QUIT CLAIM DEED. A quitclaim deed is a legal document used to transfer ownership interest in a property from one party to another. Unlike a warranty deed, a quitclaim deed doesn't provide any warranties or guarantees regarding the property's title. Instead, it simply conveys whatever ownership interest the grantor (seller) has in the property to the grantee (buyer). This means that if there are any existing liens, claims, or disputes related to the property's title, they are not guaranteed to be resolved by the grantor. A quitclaim deed is often used in situations where there is already a level of trust between the parties involved, such as transfers within families, divorces, or to correct minor issues in property records. It's important to note that using a quitclaim deed doesn't necessarily guarantee clear ownership or address any title issues, so it's essential to exercise caution and consider seeking legal advice if needed before using this type of deed. www.FormsWorkflow.com