Deed Without Warranty Vs Quitclaim Deed In Orange
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FAQ
A warranty deed offers the strongest protection. It protects the party receiving the property title in case there turns out to be any issues with the title.
Quitclaim deeds are often used in non-sale situations, such as property transfers between family members or adding/removing a spouse from a title.
Because of the lack of title guarantees, quitclaim deeds are most often used to transfer property between two parties who know and trust each other, such as family members.
Quitclaim deeds can be used in a number of different situations, though they are most common when transferring property between family members or spouses.
Notarization gives the quitclaim a presumption of regularity, meaning it is assumed to be executed properly, and it will be difficult to contest its validity unless you can prove duress or lack of understanding. Therefore, notarization benefits your employer more than you in terms of legal protection.
A general warranty deed is a deed used to legally transfer real property from one person to another. This type of deed offers the most protection for the buyer.
Warranty Deeds A warranty deed offers the same promises as a grant deed, and then some. The owner of a property is guaranteeing that they have the full right to sell and transfer the property, and that the property is clear of any present or future claims, such as liens and taxes.
One of the main drawbacks of using a quitclaim deed is that you have little to no legal recourse if the grantor didn't actually have a legal interest in the property to give away. This is the risk you take with a quitclaim deed that doesn't offer any warranties.
California mainly uses two types of deeds: the “grant deed” and the “quitclaim deed.” Most other deeds you will see, such as the common “interspousal transfer deed,” are versions of grant or quitclaim deeds customized for specific circumstances.
