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Functional Differences Between A Warranty Deed And A Quitclaim Deed

By Author: Carl Glendon
Total Articles: 177
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As a person who is looking to buy a property, you will need to manage a lot of paperwork for the process. One of the major documents that you have to arrange for is the Deed that clearly mentions the ownership of the house or property has been assigned to you. The two main types of Deeds that are used for this purpose is the Warranty Deed and Quitclaim Deed. So let’s have a look at these Deeds.

The Warranty Deed

The Warranty Deed presents with numerous guarantees from a seller to buyer. The Warranty Deed document offers a complete description of the specific property and clearly asserts that ownership of the property rests with the seller who can transfer the title of that property to another individual or entity. It even certifies that the aforementioned property is completely free of any liens, easements, or other types of encumbrances on ownership. To get this deed, you must get a general warranty deed form from an online portal. For more information about getting a free quit claim deed, please visit this website.

The Quitclaim Deed

A Quitclaim Deed can be used when transfer of the property’s ownership does not occur like in a traditional sale. Quitclaim Deeds are widely used in cases where a real estate property is conveyed as a gift or through a Will. It can also be used when the property is donated or placed with a trust. In some cases, Quitclaim Deed is used for distributing property in relation to a divorce settlement. You may make use of a quit claim deed template if you want to sell a property without being completely sure about the boundaries of the property in question. Most quit claim deed sample documents involve the details that pertain to such transfer of properties. Therefore you would do good to get a document sample from a legal website. Please visit this site to get a quit claim deed in Georgia.

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 warranty deed forms blog. To learn more about drafting a quit claim deed in Iowa online, visit this website.

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