A Georgia Quit Claim Deed (All of Granter's Interest) is a legal document used to transfer ownership rights of a property or real estate from the granter (seller) to the grantee (buyer) in the state of Georgia. This type of deed allows the granter to transfer whatever ownership interest they have in the property without providing any warranties or guarantees. In Georgia, there are several types of Quit Claim Deed (All of Granter's Interest) that individuals may encounter, including: 1. General Quit Claim Deed: This is the most common type of Quit Claim Deed in Georgia. It transfers the granter's entire interest in the property to the grantee without any warranties or guarantees. 2. Lien Release Quit Claim Deed: This type of Quit Claim Deed is often used when there are outstanding liens or encumbrances on the property. The granter releases their interest in the property, including any liens they may have had, to the grantee. 3. Joint Tenant Quit Claim Deed: This type of Quit Claim Deed is used when a joint tenant wishes to transfer their ownership interest in a property to another individual. It allows the granter to relinquish their share of ownership to the grantee. 4. Life Estate Quit Claim Deed: This Quit Claim Deed is used when a property owner wants to transfer their ownership interest in the property while reserving a life estate for themselves. A life estate allows the granter to retain the right to live on the property until their death, after which the property is transferred to the grantee. 5. Trustee-to-Grantee Quit Claim Deed: This type of Quit Claim Deed is commonly used when property is held in a trust. It allows the trustee, who holds legal title to the property, to transfer their interest to the grantee. It is important to note that a Georgia Quit Claim Deed (All of Granter's Interest) does not provide any warranties or guarantees concerning the property's title. Furthermore, it simply transfers whatever interest the granter has in the property to the grantee. It is recommended to consult with a real estate attorney or professional before entering into any real estate transaction involving a Quit Claim Deed to ensure all legal requirements are met and to understand the potential implications of using this type of deed.
Georgia Quit Claim Deed (All of Grantor's Interest)
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FAQ
The way a quitclaim deed works is that this type of transfer makes no seller guarantees. It merely states that the seller transfers any ownership interest to the buyer. So if the seller has absolutely no ownership interest in the property, that's precisely what transfers in a quitclaim deed to any buyer.
Also called a non-warranty deed, a quitclaim deed conveys whatever interest the grantor currently has in the property if any. The grantor only "remises, releases, and quitclaims" their interest in the property to the grantee.
A quitclaim deed releases a person's interest in a property without stating the nature of the person's interest or rights, and with no warranties of that person's interest or rights in the property.
A traditional deed simply transfers the ownership of a property from one party to another (in other words, the seller to the buyer.) Whoever legally holds the deed is the rightful owner of the property. A warranty deed, on the other hand, contains special assurances that the seller makes to the buyer.
There are only a few steps that are required: The two parties would fill out a deed that includes certain basic information about the parties, properties, and transaction. Both parties would sign the deed and have it notarized. The quitclaim deed is then filed with the local county clerk's office.
Quitclaim Deed This type of deed conveys whatever interest the grantor currently has in the property?if any. No warranties or promises regarding the quality of the title are made.
Due to this, quitclaim deeds typically are not used in situations where the property involved has an outstanding mortgage. After all, it would be difficult for many grantors to pay off a mortgage without proceeds from the sale of the property.
