12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Definition of a Quit Claim Deed in Ava, OH

Definition of a Quit Claim Deed in Ava, OH


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 OH Last Will Create 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 OH Living Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Related Legal Services near Ava, OH
Pond, Donald K Pond Co
600 Brown St
Akron, OH 44311
(330) 253-9747
Litigation & Tort Attorneys, Attorneys
Jorge H Martinez
20 High St
Hamilton, OH 45011
(513) 887-9700
Attorneys
American Mediation
P.O. Box 112221
Cincinnati, OH 45211
(513) 936-9600
Credit & Debt Counseling,  Debt Adjusters,  Mediation Services,  Arbitration & Mediation Attorneys
Young Sucher & Guidubaldi
1001 Jaycox Rd
Avon, OH 44011
(440) 937-9100
Attorneys Referral & Information Service, Attorneys, General Practice Attorneys
Yoder J Reid
520 S Main St # 500
Akron, OH 44311
(330) 475-8895
Attorneys, Legal Service Plans
Mac Gillivray Linda
325 N Main St
Bellefontaine, OH 43311
(937) 593-8725
General Practice Attorneys, Attorneys
Kampani Dharminder
17140 Lorain Ave
Cleveland, OH 44111
(216) 251-8023
Attorneys, Legal Service Plans
Robert Hoglund Law Office
520 S Main St
Akron, OH 44311
(330) 252-8009
General Practice Attorneys, Attorneys, Legal Service Plans
Wickens Herzer Panza Cook
35765 Chester Rd
Avon, OH 44011
(440) 930-8000
Environment & Natural Resources Law Attorneys, Attorneys, Labor & Employment Law Attorneys
Martin, Kyle D - Mc Cracken & Martin
2 S 3rd St # 570
Hamilton, OH 45011
(513) 737-8000
Attorneys,  Legal Service Plans,  Labor & Employment Law Attorneys,  Social Security & Disability La
Smith Ronald R
203 Northwest St
Bellevue, OH 44811
(419) 483-7724
Accident & Property Damage Attorneys,  Attorneys,  Family Law Attorneys,  General Practice Attorneys
Stringer, Stringer & Gasior
36815 Detroit Rd
Avon, OH 44011
(440) 934-7676
Attorneys,  Accident & Property Damage Attorneys,  Corporation & Partnership Law Attorneys,  Legal S
Meckstroth John R
3646 Glenmore Ave
Cincinnati, OH 45211
(513) 662-7488
Attorneys
Kaffen & Zimmerman
520 S Main St
Akron, OH 44311
(330) 762-7477
Attorneys,  Small Business Attorneys,  Bankruptcy Law Attorneys,  Corporation & Partnership Law Atto
Laatsch Morris H
520 S Main St # 500
Akron, OH 44311
(330) 762-7477
Bankruptcy Law Attorneys, Attorneys, Legal Service Plans
Davidson Law Offices
127 N 2nd St
Hamilton, OH 45011
(513) 868-7100
Personal Injury Law Attorneys, Insurance Attorneys, Attorneys
Wilms Denise G
36855 American Way # 2C
Avon, OH 44011
(440) 934-7060
Mon-Fri 8:30am-5pm, Sat 8:30am-2pm, Appointments Available
Conese Mark
26 S 3rd St
Hamilton, OH 45011
(513) 737-7044
General Practice Attorneys, Attorneys, Legal Service Plans
Hull Alexandra
362 S Main St
Akron, OH 44311
(330) 762-6767
Attorneys, Legal Service Plans
Keck William C
6 S 2nd St
Hamilton, OH 45011
(513) 863-6700
General Practice Attorneys, Attorneys, Legal Service Plans
Millikin & Fitton Law Firm
6 S 2nd St # 600
Hamilton, OH 45011
(513) 863-6700
Attorneys, General Practice Attorneys, Legal Service Plans, Business Law Attorneys, Real Estate Atto
Butler County Bar Assn
315 Maple Ave
Hamilton, OH 45011
(513) 896-6671
Attorneys Referral & Information Service
Marcie Jay C
1001 Jaycox Rd Ste 1
Avon, OH 44011
(440) 937-6604
Attorneys
Marcie & Associates LPA
1001 Jaycox Rd
Avon, OH 44011
(440) 937-6600
Probate Law Attorneys, Attorneys, Wills, Trusts & Estate Planning Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US