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The correct term is "quit claim" deed. A quitclaim deed transfers the grantor's interest in the property whatever that interest may be. There is no guarantee that the grantor owns 100% interest in the property nor does it list encumbrances. It is contrasted with a warranty deed which generally warrantees the grantor is the owner, that she/he has the right to sell the property and there are no encumbrances except those listed. Quitclaim deeds are the most common way to transfer property in some areas and are less common in others. They are used for many different conveyancing purposes such as easements, releasing a life estate, adding another owner to the title, inter-family transfers, deeds from a straw, etc.
The grantor's interest can always be determined and confirmed by a title examination by a professional.
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∙ 13y ago
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Can you quick claim deed if house is in foreclosure?
You could file a quit claim deed. It will not remove your obligations under the mortgage and since the quit claim means they get the same rights you have, it doesn't to any good, except if there is any equity in the property after the sale, they will get it, not you.
Can you quick claim property from your name to another person even though you are married?
You can quit claim your rights to the property. However, that doesn't quit claim your spouse's rights to the proprty. Once married the spouse in most states has rights to the property.
what is a ouick claim deed?
Quick Claim Deed is usually misspelled and should be Quit Claim Deed. If you are granting the deed you are "quitting" any interest in the property. A quitclaim deed is a fast and effective way of transfering property.
Indiana Tax sale property has a quitclaim deed?
Tax sale property has a quit claim deed. Any liens on the property, mortgages, from the previous owner will remain on the property. You would be responsible to pay off the lien or the lien holder would foreclose.
Can someone claim loss rent for a property that was sold?
Yes, if the rent arrearage was incurred before the sale.
Is quick claim deed the same as joint owned?
They are not the same, a quit claim deed is a method of transferring rights to property. Joint owned is a form of ownership.
Can a quick claim be revoked?
No. Once you have conveyed your interest by a quitclaim deed you are no longer the owner and therefore, you have no rights in the property.
Can I file a quick claim on a deed in trust?
You can transfer your real property to the trustee of a trust using a quitclaim deed.
Gave xwife a quick claim 15 years ago and never got anything for my part on property I signed only one quick claim but had two homes Is there anything I can do now Or is it to late?
Too late. The quitclaim deed conveyed the property and any structures on it unless you reserved the right to move them.
What if you sell your share of inheritance of real property to a sibling?
You document it as with any other sale of real property. Normally a Quit Claim deed would be executed. It would specify the amount paid and the release of any claim you might have on that property in exchange. Consult a probate attorney in your area for specifics.
Where can one find a quick property sale?
If you look in the newspaper they will usually list any property sales in the classified ads section. Some people put up fliers as well.
Property Sale and Purchase In Mohali?
Property Sale and Purchase In Mohali
