Quit Claim Deed

QUIT CLAIM DEED. This form is used to transfer interest in real property from one party to another. Unlike a warranty deed or a grant deed, which provide certain guarantees about the property title, a quitclaim deed transfers whatever interest the grantor (the person transferring the property) has in the property to the grantee (the person receiving the property) without making any promises or warranties about the property's title. Quitclaim deeds are often used in situations where the transfer of property is between family members, divorcing spouses, or to clear up clouds on the title, such as when there are questions about ownership. They are also used in situations where there is no monetary exchange involved in the transfer. It's important to note that a quitclaim deed does not guarantee that the grantor actually owns the property or that the title is free and clear of any liens or encumbrances. Therefore, it's essential for the grantee to conduct a thorough title search before accepting a quitclaim deed to ensure there are no hidden issues with the property's ownership. www.FormsWorkflow.com