Quit Deed
You need to use a quit deed to transfer property & warranty deeds to guarantee clear title.
Preparing your own quit deed or warranty deed in additon to saving money will also allow you to be in control of the process instead of being on someone else’s timetable.
What is a Quit Deed?
If you are selling or transferring property, you will need a quit deed. A quit deed states that the seller(grantor) no longer has a claim to a property. The grantor transfers to the buyer(grantee) all of the legal or equitable rights the grantor has in the property that existed at the time of the conveyance. This instrument transfers property ownership rights without any warranties and does not end an obligation to re-pay any balance.
What is a Warranty Deed?
A warranty deed guarantees the grantor has clear title to a property that is being transferred to a grantee without encumbrances except for any that are recorded and that the grantee will have possession of the property following the transfer.
When Will You Use a Quit Deed?
You will use a quit deed to transfer property ownership rights in the event of many circumstances such as divorce, estate planning or selling real property. Quit Deeds are usually executed between people that already know each other but not always.
In divorce situations, when real estate is involved and one person is going to keep the property, the other person will need to quick claim or give up their portion to the other person.
If you prepare a living trust or some other estate planning tool other than a Will, you will need to transfer ownership of the real property into the trust with a quit deed.
After the forms have been finalized and to make the transfer of property valid, the grantee must file the quit deed with the recorder’s office or real estate office in the county of his state where the property is located.
How Can I Change Quit Claim Deed to Warranty Deed (County Tax Auction)?
How Can I Change Quit Claim Deed to Warranty Deed (County Tax Auction)?
I purchased a vacant piece of property from a county tax auction, where the previous owner of the property failed to pay the property taxes on the property.
The county issued me a QUIT CLAIM DEED (TREASURER’S DEED).
How can I change the quit claim deed to a Warranty Deed?
What do I have to do?
Power of Attn, Will, Quit Claim Deed?
I have a few questions-long story short, my father is dying, he has no wills, etc., I need to set something up FAST, so I was going to download forms from the net, get them notarized tomorrow. I don’t know what I need, I would think a power of attorney (whether durable or not? I don’t know the diff) & a last will and testament. I want to be able to take care of his affairs-social security disability, etc., My mother is dead, she passed 12 years ago, he has three children, I am the youngest, but the other two really aren’t involved and my pleas for help fall on deaf ears.
Additionally, I have a house with my niece, I don’t think other than refinancing that there is anyway to get her name off the mortgage, however, is there a way I can do a quit claim deed to remove her from the title/deed. Is there a way to remove her from the mortgage?
I live in Maryland btw, thanks!
Christy
Additionally, my niece is on the loan but DOES NOT make any payments, I pay the loan myself. She was living here, but moved out, she has never paid the loan in the entire time she’s been here. We made a deal, she put her name on the house, and then she got the 8K new homeowners tax refund, she got an additional 5K from me over the period of the past few years, and her credit soared, of course now, that’s not going to be the case for her 
I am sad to say.
if my ex signs a quit claim deed will that also remove the reporting on his credit report?
my ex wants to buy a house with the new spouse but because we are still on our house mortgage together they can not. The mortgage company stated to me that if a quit claim deed was signed that it would not be documented on his credit anymore. Is that true?
I still owe money on my house. Can I put my children on a quit claim deed?
Prior to my passing, can I put all 4 of my children on a quit claim deed? Will that ensure that they will keep the house until they pay for it?