What Are The Benefits Of Having A Quit Claim Deed?

Posted by Carl Glendon on October 12th, 2019

A Quit Claim Deed is a type of document that is used for the transfer of interest of land from one individual or party – referred to as the grantor – to another person or party – known as the grantee. It can also be regarded as the real estate agreement or contract. Quick Claim Deed is another name for this type of deed. It is basically used to transfer the interest on the property from the grantor to the grantee. Know about some of the top advantages of having a Quit Claim Deed in Ohio.

Can transfer property interest fast

In many cases, when this type of deed is signed, the interests on the property are immediately transferred without any delay. This is the simplest and fastest way of transferring the interest on the property. This kind of real estate property transfer is carried out between members of the same family, as gifts or tokens for the removal of any doubt or confusion regarding the title or bringing in a new member to the real estate, which is occupied by other members. For more information about getting a quit deed form, please visit this website.

Can be used in divorces

This type of deed is used in divorces as well. For instance, when a home is not sold, an essential task is to sign the quick claim deed. One out of two people has to quit his claim on his / her interest about the property – the home in this case. This is similar to a general warranty deed form in some ways. Please visit this site to get a quitclaim deed in Massachusetts.

Can be used for tax deed sales

This kind of deed is signed for tax deed sales as well. Once the piece of real estate is up for auction by the government having no claim on the interest, through the sales the government can get its taxes back. The interest can be transferred back to the customer through the signing of the form.

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 warranty deed forms blog. To learn more about drafting a quit claim deed in Michigan online, visit this website.