Missouri Quitclaim Deed from Ex-Husband and Ex-Wife to Themselves Changing Title from Tenants by the Entirety to Tenants in Common Pursuant to Divorce Decree

Missouri Quitclaim Deed from Ex-Husband and Ex-Wife to Themselves Changing Title from Tenants by the Entirety to Tenants in Common Pursuant to Divorce Decree
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State:
Missouri
Control #:
MO-02475BG
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Description

There are two basic types of deeds: a warranty deed, which guarantees that the grantor owns title, and the quitclaim deed, which transfers only that interest in the real property which the grantor actually has. The only type of deed that creates liability by reason of covenants of warranty as to matters of record is a general warranty deed. A quit claim deed contains no warranties and the seller doesn't have liability to the buyer for other recorded claims on the property. The purchaser takes the property subject to existing taxes, assessments, liens, encumbrances, covenants, conditions, restrictions, rights of way and easements of record. The quitclaim is often used among family members or from one joint owner to the other when there is little question about existing ownership, or just to clear the title.

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