Quitclaim Deed Convert to Excel For Free

Once the transfer is complete, there is no way to nullify or undo a quitclaim deed unless both parties consent to the arrangement. If the original grantor does agree to take back the property, you must draft and file a new quitclaim deed to void the original.

The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.

A quitclaim deed is granted by one party to another. It may be used to convey property as a gift, to re-title a house in the name of a trust or to surrender property in a divorce. The document identifies the grantor and the grantee.

This can make it difficult to sell a home acquired with a quitclaim deed, but it certainly isn't impossible. To sell a home you received through a quitclaim deed, you will still need to transfer ownership using a warranty deed.

Can I reverse a quit claim deed?Once a quit claim deed has been completed and filed with the County Clerk's Office, the title will officially pass from the grantor to the grantee. The only way to reverse a quit claim deed is to go to court and prove that the grantor was forced to sign the document under duress.

The quitclaim deed only transfers the type of title you own. Deed transfers of any kind impact only the ownership and do not change or affect any mortgage on the property.

Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners divorce and one spouse's name is removed from the title or deed.