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When Is A Quitclaim Real Estate Deed Needed?

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By Author: Carl Glendon
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A legal document, the Quit claim deed helps in officially conveying the wish of a person to transfer his / her property to some other person or organization. The one who grants the property is referred to as the ‘Grantor’, while the one receiving the property is referred to as the ‘Grantee’. Find out when a Quitclaim Real Estate Deed is used.

Following marriage

After there is a marriage, when a spouse wishes to affix the name of the other spouse to the property title, he / she can do so only through issuing a deed in name of the latter.

During a divorce

This type of special warranty deed is necessary when there is a divorce, and there is transfer of property ownership from one former spouse to another.

During property purchase / sale

When there is purchase or sale of a property, the seller uses a deed to transfer the interest from him to the buyer.

When some interest in property is retained

It can also come in handy in case the previous holder of the property title has retained some amount of interest in the same. A Quitclaim quick deed property transfer can help transfer that interest to the new owner.

Ownership transfer to an inheritor or trust

Someone planning a living trust or a will may use the deed for the transfer of property ownership to a trust or an individual they wish to be the inheritor of the property. For more information about getting a quitclaim deed form in Arkansas, please visit this website.

Once the deed is signed by the grantor, a lawyer has to sign and seal it so as to ensure it is valid. After it is recorded, the grantor, grantee and title insurance agency is given a copy of the deed each. However, the grantor might transfer the rights but does not make any type of warranty on the property.

Author Resource:

Carl writes often about online legal drafting like affidavit, bill of sale and quitclaim deed forms to help the people. You can find his thoughts at quitclaim deeds blog. Please visit this site to get a quitclaim deed form in Pennsylvania.

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