Category: Quitclaim Deeds

Whenever someone calls me to transfer their real estate to someone, add someone to title, remove someone from title, transfer to an LLC, transfer to a trust etc. My first question is always the same: is there a mortgage on the property? When you transfer real estate encumbered by a mortgage, you are probably going…

The simplest and most cost-effective way to add your spouse to the title of your home is by quitclaim deed. The most common situation I come across is where an owner of a property was single when the owner purchased the property and is now married and wants to add his or her spouse to…

A quitclaim, in the context of real estate, is defined as a formal renunciation of a right to land. A quitclaim deed is a legal document used to transfer title “as is” from the owner of the property (the “grantor”) to another (the “grantee”). A quitclaim deed transfers title “as is” and does not provide…

Both warranty deeds and quitclaim deeds perform the same essential function. They both transfer a title from one party to another. However, the fundamental difference is that a quitclaim deed transfers title “as is” whereas a warranty deed guarantees and warrants that the grantor (party transferring the property) has good, marketable title to the property.…

The reason you should probably not quitclaim your home to your children before you pass away is because of negative tax implications whenever your children sell the property in the future. If the property has appreciated in value from the time you bought it, then it is likely that your children would need to pay…

Quitclaim deeds offer one of the easiest and cheapest ways to transfer real property. However, even though the act of transferring the property can be easy, there may be complex issues involved in the transfer. It is important to be aware of certain factors when deciding where to transfer real property with a quitclaim deed.…

A quitclaim deed is a legal document used to transfer real estate from the owner of the real estate (the “grantor”) to another party (the “grantee”). A quitclaim deed transfers title “as is” and does not provide guarantees or warranties that the grantor has good, marketable title to the property. Because a quitclaim deed transfers…