When Is A Quitclaim Deed Needed?

Quitclaim deeds are the name given to written documents that are used for title / ownership transfer. The ownership of real property, such as some type of real estate, condo, home, land etc, is involved in such transfers. These are also referred to as quick claim deeds or quit claim deeds, given that these can achieve transfers of real estate quite fast. Find out when a Quitclaim Deed and transfer deed form is needed.

Clearing up ownership to property

This type of deed is used for clearing up ownership to property, in case there is some problem with some other person potentially having a title right in the property. In such cases, he / she might be asked to sign a quitclaim deed to ensure that the new owner has the full title. A warranty deed template can be downloaded from the internet, and customized according to specific requirements.

Property transfer in the absence of a regular sale

These kinds of deeds are used most commonly when there is a transfer of property without a regular sale. The instances include the times when there is a transfer of property between members of family, such as transfer of a home from parents to kids, between divorcing spouses – such as when the home is kept by one of the spouses, between married spouses – such as when a spouse after marriage likes to add the other to his / her separate property title or when there is transfer of property into a living trust. For more  information about what is a quit claim deed, please visit this website.

Transfer of property among members of family

Such kinds of deeds can help move properties easily and quickly among members of families, or to put real estate properties into a trust. These are not techniques to use at the time of selling pieces of real estate. A Quitclaim deed can be useful in many ways.

Author Resource:

Carl writes often about online legal drafting like affidavit, bill of sale and quitclaim deed forms to help the people. You can find his thoughts at quit claim deeds blog. Please visit this site to get a quitclaim deed in Massachusetts.