Posted on: 07th Feb, 2012 02:48 pm
what if i dont have one of the i just have a deed that gave me the propety when he died
Welcome alleyangel,
Your query is not clear to me. Please post your query in details so that members participating here can help you with some suggestions.
Your query is not clear to me. Please post your query in details so that members participating here can help you with some suggestions.
There is an important limitation to the quitclaim deed. Because it only transfers the rights that the grantor has in the property, it does not guarantee that the property is the grantee's outright. If others with an interest in the property have not signed the deed, then their rights are unaffected by this document — they still retain their ownership. In most cases, the signed quitclaim deed is a simple and effective way to give up all interest in a property. :idea:
the previous post is correct, if insufficient to explain to everyone what's entailed in a quit claim deed.
anyone taking title by way of a quit claim deed must make it a point to learn precisely what percentage of ownership is being conveyed. not only that, but the engagement of legal counsel is essential to ensure that the change in title is real as well as accurate.
quit claim deeds are not for the common person; they are a specialized type of deed that is best used only by those who know precisely what it is they're trying to accomplish.
anyone taking title by way of a quit claim deed must make it a point to learn precisely what percentage of ownership is being conveyed. not only that, but the engagement of legal counsel is essential to ensure that the change in title is real as well as accurate.
quit claim deeds are not for the common person; they are a specialized type of deed that is best used only by those who know precisely what it is they're trying to accomplish.
