Tuesday, December 20, 2016

FAQ: What is a quit claim deed?

A quit claim deed is used to transfer the legal interests in real estate between two or more parties. This particular form of deed does not provide any warranties to the grantee (i.e. the person to whom the interests are conveyed). Quit claim deeds are commonly used to add a spouse to title or convey property into a living trust, LLC or other type of legal entity. In order to be certain that it meets with the statutory requirements and is valid, it is important to have a quit claim deed properly drafted by an attorney licensed to practice law in the state where the property being conveyed is located.

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