The grantee assumes the property “as is,” including any defects in the title. A quitclaim deed provides no guarantees regarding the quality of the title. Compared to other deeds, quitclaims are likely to have lower costs as professional assistance is not needed. Unlike other deeds, a prior title search is not necessary, making it faster to implement. Quitclaim deeds are relatively quicker to execute. Quitclaim deeds can be used for more than just property transfers, including informal agreements between known parties. Templates are available and easy to find online, and can usually be filled without the help of a professional. Quitclaim deeds are short and easy to use.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |