Easy Questions  
Free Legal Documents

Definition of a Quit Claim Deed in Altamonte Springs, FL

Definition of a Quit Claim Deed in Altamonte Springs, FL


There have been few things in my life which have had a more genial effect on my mind than the possession of a piece of land.
 
- Harriet Martineau


A quitclaim deed is used to transfer real property from the grantor to the new recipient owner, called the grantee. The grantor will terminate any rights to claim the property using a quitclaim deed, thus allowing all rights to be transferred to the recipient/grantee.


Unlike other property deeds, a quitclaim deed contains no title covenant. It cannot offer warranty to the grantee as to the status of the property title. At the time of transfer, the grantee is entitled only to the interest the grantor possesses at that time. It means that the grantor cannot guarantee that the title of the property is free and clear at the time of transfer. It is limited to the property interest owned by the grantor at the time of the transfer, if any. Since the quit claim has no warranty and has no legal course to recover and any losses, it is possible that the grantee will receive no actual interest.

Since the grantee can only receive the interest that the grantor held at the time of transfer, should the grantor acquire the property at a later date, the grantee will not be entitled to take possession of the property. Many other types of deeds that are used for real estate sales have warranties attached to them signifying that the grantor ensures to the grantee that the title is clear or the title does not contain any encumbrance.


In divorce case, when a spouse terminates interest in the joint marital house, the quit claim deed can be used to grant the receiving spouse full rights to the property. Conversely, if a couple gets married, a quit claim deed is an inexpensive way to add the new spouse to a title, without the expense of a title search. This is an inexpensive way to transfer a property to another person quickly by executing. When this is done, the person who executes the deed eliminates his or her interest in the property by transferring the full claim to the other person.


Other uses of a quit claim deed are for tax deed sales or sheriff's deed. This is done when the property is sold in public auction to recover the outstanding tax debt of the original owner of the property. The auction is usually done by the local government that has no claims or interest in the property, only the collection of unpaid taxes, so they typically do not extend warranty to the property title. In this situation, it may be advisable for a buyer to invest in a title action to remove any clouds to the title.

Quit claim deeds are prohibited by many jurisdictions for use as collateral for a bail bond.

 
Personalize & Print a Free FL Last Will Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free FL Living Will Download this Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Related Legal Services near Altamonte Springs, FL
Jan S. McLaughlin, Esquire
445 Douglas Ave Suite 2205
Altamonte Springs, FL 32714
(407) 774-9620
Bankruptcy Law Attorneys
Andrade Octavio D PA
151 Wymore Rd Ste 5250
Altamonte Springs, FL 32714
(407) 339-9455
Criminal Law Attorneys, Attorneys
Blaher Neal J Law Office
706 Turnbull Ave
Altamonte Springs, FL 32701
(888) 652-9098
Franchise Law Attorneys,  Arbitration & Mediation Attorneys,  Patent, Trademark & Copyright Law Att
Elkins & Freedman
283 Cranes Roost Blvd
Altamonte Springs, FL 32701
(866) 963-9086
Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Bankruptcy Services,  Bankruptcy Law Attorney
The Law Offfice of I. Michael Tucker, P.L.C.
498 Palm Springs Dr Suite 100
Altamonte Springs, FL 32701
(407) 977-8836
Elder Law Attorneys
Murphy & Berglund, P
1111 Douglas Ave
Altamonte Springs, FL 32714
(407) 575-8041
Wills, Trusts & Estate Planning Attorneys, Attorneys, Family Law Attorneys, Elder Law Attorneys, Ban
The Grosshans Group, P.L.
380 S State Road 434 Suite 1004-157
Altamonte Springs, FL 32714
(407) 284-7745
Criminal Law Attorneys
Kenneth J Thomas Esquire
554 Calibre Crest Pkwy
Altamonte Springs, FL 32714
(407) 388-7711
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Steiner, Lawrence R. PA
797 Douglas Ave
Altamonte Springs, FL 32714
(407) 774-7500
Real Estate Attorneys, Attorneys, Probate Law Attorneys, Real Estate Title Service, Wills, Trusts &
Pflueger Robert H
377 Maitland Ave
Altamonte Springs, FL 32701
(877) 629-7330
Attorneys, Legal Service Plans, Bankruptcy Law Attorneys
Robert H. Pflueger
377 Maitland Ave Suite 1002
Altamonte Springs, FL 32701
(877) 629-7330
Bankruptcy Law Attorneys, Attorneys, Credit & Debt Counseling, Debt Adjusters, Bankruptcy Services,
Russell H Law
1110 Douglas Ave # 2030
Altamonte Springs, FL 32714
(407) 459-7298
Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Arbitration Services,  Arbitration & Mediatio
Copeland & Covert PLLC Attorneys
631 Palm Springs Dr
Altamonte Springs, FL 32701
(407) 830-7220
Attorneys, Wills, Trusts & Estate Planning Attorneys, Family Law Attorneys
Clark & Washington PC
101 Wymore Rd Ste 100
Altamonte Springs, FL 32714
(407) 896-7133
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Bankruptcy Law Attorneys
Sonner Craig A
108 Robin Rd
Altamonte Springs, FL 32701
(407) 260-6853
Attorneys Referral & Information Service,  Attorneys,  Criminal Law Attorneys,  Legal Service Plans
Michael B Brehne Law Offices
230 N Westmonte Dr # 1000
Altamonte Springs, FL 32714
(407) 682-6808
Attorneys,  Accident & Property Damage Attorneys,  General Practice Attorneys,  Legal Service Plans
One Senior Place
715 Douglas Avenue
Altamonte Springs, FL 32714
(407) 949-6733
Assisted Living & Elder Care Services, Elder Law Attorneys, Insurance Referral & Information Service
Leider, Lance O.
1101 Douglas Ave
Altamonte Springs, FL 32714
(407) 331-6620
Medical Law Attorneys, Attorneys
The Health Law Firm
1101 Douglas Ave
Altamonte Springs, FL 32714
(407) 331-6620
Insurance Attorneys, Attorneys, Legal Service Plans, Medical Law Attorneys
Smeyne A. Marissa
1101 Douglas Ave
Altamonte Springs, FL 32714
(407) 331-6620
Medical Law Attorneys, Attorneys
Brown E. Christopher
1101 Douglas Ave
Altamonte Springs, FL 32714
(407) 331-6620
Medical Law Attorneys, Attorneys
Kenna, Joanne
1101 Douglas Ave
Altamonte Springs, FL 32714
(407) 331-6620
Insurance Attorneys, Attorneys, Medical Law Attorneys, Legal Service Plans
George F Indest III
1101 Douglas Ave
Altamonte Springs, FL 32714
(407) 331-6620
Medical Law Attorneys, Attorneys, Legal Service Plans
Motsinger Law & Mediation
705 Douglas Ave
Altamonte Springs, FL 32714
(407) 505-6598
Mediation Services,  Attorneys,  Family Law Attorneys,  Divorce Attorneys,  Arbitration Services
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US