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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 is a deed by which a grantor transfers only the interest the grantor has at the time the conveyance is executed. There are no implied warranties in connection with a quitclaim deed.
Laws & Requirements Signing Requirements § 55-106: Quitclaim deeds be notarized and have the signature of two witnesses. Recording Requirements § 55-96: The completed and signed document must be returned to the Clerk of the Circuit Court with the proper filing fee.
Finally, the quitclaim deed is a deed that makes no warranties that the property has clean title. Essentially, it conveys only whatever interest the seller/grantor currently has in the property, if any, and makes no assurances as to good title.
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.
All deeds must be prepared by the owner of the property or by an attorney licensed to practice in Virginia.
The answer is deed. Deeds are used to convey any interest in real property. A deed of trust and mortgage create a lien interest but do not convey title. A bill of sale conveys personal property.
The form will be signed by both parties and requires a notary to legitimize the document. The document is then filed at a local county clerk's office. It's important to note quitclaim deeds do not directly affect a mortgage.