Thursday, June 12, 2014

Quitclaim Deeds

Quitclaim deeds are often used in divorce, as well as in other cases where the separate parties are well known to each other. A quitclaim deed does not offer the grantee (the person who is gaining interest in real property) any warranty as to the status of the property title. The grantee is entitled only to whatever interest the grantor actually has at the time of possession, which is why this deed is common in cases of divorces when someone is seeking to transfer their interest to their former spouse.

Wednesday, June 4, 2014