Massachusetts Quit Claim Deed (All of Grantor's Interest)
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How to fill out Quit Claim Deed (All Of Grantor's Interest)?
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FAQ
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.
Every deed must adequately describe the property conveyed, including boundaries. The deed may state easements, restrictions, covenants, or takings on the property. The deed also will reference the last prior deed to track ownership. A notary public must notarize all property deeds.
In Massachusetts, a quitclaim deed is akin to a special warranty deed elsewhere. There is a $25 filing fee for new deeds in Massachusetts as well as a property transfer tax which is typically $2.28 per $500 of taxable value.
Quitclaim deeds with limited covenants are used to transfer the rights, title, and interest in real estate, if any, from the grantor (seller) to the grantee (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.
The quitclaim deed typically includes the purchase price, a description of the property, and how the buyer takes title.
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.
