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What is the purpose of a quitclaim deed?

When you want to transfer a real estate property you need a legal document which will be the prove of the property transfer. These legal documents are called deeds. There are different types of deeds like quitclaim deed, warranty deed etc.

A quitclaim deed is a special type of deed that helps to release the claims or interest on a real estate property of an individual and transfer it to another person or entity. So the purpose of a quitclaim deed is to transfer a real estate property among family members and friends. But a quitclaim deed does not provide any warranty that the title of the real estate property is free from all the claims.

These types of deeds are mainly used in time of divorce case. In the time of divorce if a spouse wants to disclaim all his or her share of the property he or she can simply use a quitclaim deed to transfer his or her share of the property.

The person who disclaims the share of the property is called the Grantor and the person who is getting the property is called the Grantee. There are some important points that you should keep in mind when using a quitclaim deed. Just signing a deed will not make it valid. You need notarized and then record the quit claim deed in the Recorder’s office in your state.

What is a quit claim deed?

A quit claim deed is a legal instrument which that is used to transfer property. What is a quit claim deed is a very common question. A deed is a legal document that is used to transfer a real estate property from one person to another or from one entity to another. A quit claim deed is a kind of deed that is used to transfer a real estate property among friends, spouse or family person.

A quit claim deed does not assures that the title of the real estate property is free from all kind liens. That is why a quitclaim deeds is not generally used to sell a property. A quitclaim deeds simply says that if I have any interest in the property then I am transferring the property to you.

How can you make a quitclaim deed valid?

To make a quitclaim deed valid, you will have to notarized and then record in the County Recorder’s office in your state. You can fill the quit claim deed on your own but it is always advisable that you should take help from a notary official so that you will not have to face any problem in future regarding this.