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Once such defects or inaccuracies are clarified using the quitclaim deed, a warranty deed or special warranty deed may be used to resolve any finer details about covenants in the transfer of property.
Along with making corrections to the title, quit claim deeds can also add or remove a spouse from the title of the deed.
In order for most county and city recorders to process the deed, the following information is required: Legal Description – Obtain the “Deed Book and Page Numbers” which can be found at the county or city recorder’s office. It is also recommended, although not required, to have the “Tax Map & Lot or Parcel ID” provided by the county or city assessor’s office included in the description.
The form will need to be authorized in accordance with the respective State’s laws.
Afterward, the deed is usually filed with the Recorder’s Office in the County where the real estate is located or other recognized offices.
Because of the uncertainty that comes with quit claim deeds, it is common to think that these documents are unreliable and aren’t worth the risk.
Like any ownership interest, there must be a price that is agreed upon by the parties.
Most commonly, a quit claim is used when purchasing a portion of real estate interest.
You would be surprised then to learn that there are a lot of practical and convenient uses for a quit claim deed.
Quitclaim deeds are used for: Since this deed offers the least amount of buyer protection, it is often used for transferring properties between people that trust each other—such as family members.
In order to properly submit this request there must be consideration (purchase price), sufficient description of the premises, with the form properly signed (depends on the State’s laws).