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A quitclaim deed is a deed by which a grantor transfers only the interest the grantor has at the time the conveyance is executed. The grantor is not promising anything other than that they are giving up their own rights, if any. There are no implied warranties in connection with a quitclaim deed. Property Ownership and Deed Recording ca.gov ? proptaxes ? pdf ? Ownership_... ca.gov ? proptaxes ? pdf ? Ownership_...
By contrast, a quitclaim deed contains no warranties. All it does is transfer whatever interest the grantor has in the property over to the other person. There is no guarantee against the fact that the other owners have the ability to claim the property. What Is a Quitclaim Deed and How Does It Work? - SmartAsset SmartAsset ? mortgage ? what-is-a-quitclai... SmartAsset ? mortgage ? what-is-a-quitclai...
Relates to the past and guarantees grantor ownership. The deed that offers a limited number of warranties is a. general warranty deed.
A special warranty deed or limited warranty deed only guarantees that no title problems occurred during the time the seller has owned the property. That means the previous owner can't be held accountable for creditors' liens or other issues that occurred before they took possession of the home.
Quitclaim deed The quitclaim deed, also called a non-warranty deed, offers the grantee the least amount of protection. 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. Understanding Property Deeds - Investopedia investopedia.com ? articles ? realestate ? pro... investopedia.com ? articles ? realestate ? pro...
Quitclaim Deed This type of deed guarantees nothing and there is no expressed or implied warranty that grantor owns the property or any interest in it. Moreover, a quitclaim deed does not convey any after-acquired title. 7. Principal Instruments of Transfer - California Department of Real Estate ca.gov ? files ? pdf ? refbook ? ref07 ca.gov ? files ? pdf ? refbook ? ref07
A lawful warranty deed includes the grantor's full name, mailing address, and marital status; the consideration paid for the transfer; and the grantee's full name, mailing address, marital status, and vesting. Vesting describes how the grantee holds title to the property.
Quitclaim Deed A deed used to transfer any interest in real property that the grantor may have. It contains no warranties of any kind.