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A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property. The title is transferred without any amendments or additions.
A Personal Representative's deed, or PR deed, is a tool used to transfer title of real estate out of an estate. It is very similar to a quitclaim deed, only the person transferring the ownership of the property is the executor of an estate instead of the actual owner.
A quit claim deed form must include the following information: the name, address, and signature of the grantor (the person transferring the property); the name, address, and signature of the grantee (the person receiving the property); a description of the property being transferred; the consideration (monetary value) ...
A Colorado quit claim deed allows a property owner (the ?grantor?) to relinquish interest in a property to another party (the ?grantee?) without any warranties of title. The grantee assumes all risk with this deed and can take no legal action against the grantor should any title issues arise.
Personal Representative: A person at least 21, resident or non-resident of Colorado, who has been appointed to administer the estate of the Decedent; previously referred to as Executor/Executrix.