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Quit Claim Deed Question
What is a Quit Claim Deed? And how do you do one? And under what circumstances would you advise doing one?
Most Popular Reply
Hi La'Terrius,
There are multiple different types of Deeds that are used in specific circumstances. A Quit Claim Deed, as the post above suggested, is often used in internal transactions. The reason for this is that a Quit Claim Deed does not normally include any warranty language and only transfers the interest that the Grantor has at the time of the transfer. The Grantor is not making the promises that go along with a Warranty Deed. As was suggested in the post above, you should use an attorney or a title company when making a transfer, as you will need to review the title chain to make sure that you are using the right type of Deed. Additionally, you will need to conform to the required format for the Deed. This format varies based on the State and sometimes the County.