Wednesday, January 26, 2022

Quitclaim Deeds

Quitclaim Deeds are used when the transfer of ownership in the property does not occur as the result of a traditional sale. For instance, Quitclaim Deeds are common when real estate is conveyed through a Will or as a gift, when property is placed in a trust, or to distribute property as part of a divorce settlement. They're also common when someone wants to sell property but they're not entirely certain what the property boundaries are or whether any other claims can be made on the property. Quitclaim Deeds contain no guarantees of any kind, which means that you could buy a property, receive a Quitclaim Deed, and later find out that the person you bought it from wasn't legally able to sell you the property at all.#quitclaimdeeds, 


No comments:

Post a Comment