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!
 
 

Differences between Quit Claim Deeds and Warranty Deeds in Zip Code 92678

Differences between Quit Claim Deeds and Warranty Deeds in Zip Code 92678


Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.
 
- Franklin D. Roosevelt


A deed is a document that transfers ownership or conveys real estate from one party to another. The legal document that transfers ownership of real estate can be a warranty deed or a quitclaim deed.

How is a Deed different from a Sales Contract?

A sales contract is a promise to convey property in exchange for money. A deed is not a promise to convey, it is the conveyance itself. A deed contains a legal description of the real estate being transferred. This may include the lot the property occupies in a platted subdivision. Deeds in rural areas might use meets-and-bounds descriptions of the boundaries, which identify where the property lines are in relation to landmarks.

The deed must identify who is handing over an interest in the property (the grantor) and who is accepting it (the grantee). Most counties require the deed to have the addresses of all the parties involved.


Two Types of Deeds

The legal document that transfers ownership of real estate can be a warranty deed or a quitclaim deed.

Most real estate sales transactions use a warranty deed which states that the grantor (previous owner) is the owner of the property and has the right to transfer the property to the grantee (new owner) and that there are no liens against the property from a mortgage lender, the IRS or any creditor, and that the property can't be claimed by anyone else. Title insurance provides the financial back-up to the warranty deed and requires a title search to verify that no other claims on the property are outstanding.

A quit claim deed is a simpler and lower cost conveyance often used when a property transfers ownership without being sold. No money is involved in the transaction, no title search is done to verify ownership, and no title insurance is issued. The grantor essentially quits all claims to the property and transfers their property interest to the grantee.


When to Use a Quit Claim Deed

Quitclaim deeds are most often used to transfer property within a family. Common applications include an owner getting married and adding a spouse's name to the title, or when a couple getsd divorce and one spouse's name is removed from the title. Quit claim deeds can also be used when parents transfer property to their children, when siblings transfer property to each other, or when property is transferred to a Living Trust.

For a property that does not have a free and clear title, a title insurance may ask a person who may have a property interest to sign a quitclaim deedto make certain that this person doesn't make a future claim of ownership.

A quitclaim deed impacts only the ownership of the real estate and the names on the deed, not the mortgage. For example, in the case of a divorce, if both spouses' names are on the mprtgage, they are still both responsible for the loan, even if a quitclaim deed has been filed.


Filing a Quitclaim Deed

Although the rules vary by jurisdiction, but it's wise to have the deed signed by all parties in front of a notary public, copied and recorded at the county clerk's office. In general, the quit claim deed needs to include the legal description of the real estate being transferred, the date of the transfer and the names of the "grantor" and "grantee." You can check out a free preview of a quit claim deed at 1-2-Law.

 
Personalize & Print a Free CA 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 CA 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 Zip Code 92678
Bankruptcy Free Information
2706 Artesia Blvd Suite A
Redondo Beach, CA 90278
(310) 376-9864
Bankruptcy Law Attorneys
Action Divorce
2706 Artesia Blvd Ste A
Redondo Beach, CA 90278
(310) 376-9864
Bankruptcy Law Attorneys, Business Bankruptcy Law Attorneys, Attorneys
A Father's Law Center
950 Boardwalk Ste 305
San Marcos, CA 92078
(800) 452-9435
Family Law Attorneys, Attorneys
Thomas Hogan Law Office
119 Washington Blvd
Roseville, CA 95678
(916) 520-8905
Bankruptcy Law Attorneys, Tax Attorneys, Attorneys
Crowell Hendrick
915 Highland Pointe Dr # 250
Roseville, CA 95678
(916) 449-8800
Mon-Fri 9am-5pm, Sat Closed, Sun Closed, Appointments Available, 24 Hour Emergency Service Avail
Steven Jacobs
14895 E 14th St Suite 350
San Leandro, CA 94578
(510) 771-8787
Attorneys,  Bankruptcy Law Attorneys,  Bankruptcy Services,  Business Bankruptcy Law Attorneys,  Fin
Gordon James S
214 Estates Dr Ste C
Roseville, CA 95678
(916) 797-8458
Litigation & Tort Attorneys, Attorneys
Hickman Earl J
300 Harding Blvd # 103F
Roseville, CA 95678
(916) 784-8454
Attorneys,  General Practice Attorneys,  Bankruptcy Services,  Legal Service Plans,  Bankruptcy Law
Ty Carss Law Office
574 S Rancho Santa Fe Rd
San Marcos, CA 92078
(760) 295-8420
General Practice Attorneys, Attorneys
Hirshon Jack T
100 Estates Dr
Roseville, CA 95678
(916) 773-8400
General Practice Attorneys, Attorneys, Legal Service Plans
Total Attorneys - Personal Injury
PO Box 274338
Corona, CA 92878
(951) 282-7939
Attorneys, Legal Service Plans
Merus Law
925 Highland Pointe Dr Suite 120
Roseville, CA 95678
(916) 742-7747
Family Law Attorneys,  Estate Planning Attorneys,  Adoption Law Attorneys,  Bankruptcy Law Attorneys
Jackie Marie Howard
210 Estates Dr Ste 202
Roseville, CA 95678
(916) 773-7373
Attorneys, Wills, Trusts & Estate Planning Attorneys, Estate Planning Attorneys
Meyer & Yee, LLP
950 Reserve Drive, Suite 110
Roseville, CA 95678
(916) 599-7297
Tax Attorneys, Immigration Law Attorneys, Business Law Attorneys, Real Estate Attorneys, Estate Plan
New Path Law Center
100 E. San Marcos Blvd., #400
San Marcos, CA 92078
(760) 913-7284
Bankruptcy Law Attorneys, Attorneys, Bankruptcy Services
Dudugjian & Maxey A Law Corporation
13 Sierra Gate Plz # B
Roseville, CA 95678
(916) 786-7272
Corporation & Partnership Law Attorneys,  Attorneys,  Business Law Attorneys,  General Practice Atto
Sevey Donahue & Talcott Personal Injury Lawyers
990 Reserve Dr Ste 105
Roseville, CA 95678
(916) 788-7100
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Lorraine Gingery
1013 Galleria Blvd. Ste. 265
Roseville, CA 95678
(916) 415-7070
Accident & Property Damage Attorneys, Personal Injury Law Attorneys, Attorneys
Seth L Hanson Law Office
919 Reserve Drive Suite 118
Roseville, CA 95678
(916) 780-7005
Attorneys,  Bankruptcy Services,  Legal Service Plans,  Bankruptcy Law Attorneys
Bomark Noel
16093 Selborne Dr
San Leandro, CA 94578
(510) 276-6635
General Practice Attorneys, Attorneys, Legal Service Plans
Damsky Michael Law Offices
2615 190th St Ste 200
Redondo Beach, CA 90278
(310) 318-6620
General Practice Attorneys, Attorneys, Legal Service Plans
Lorie D. Wood (Spiers) Mediator
970 Reserve Dr
Roseville, CA 95678
(916) 616-6191
Paralegals, Mediation Services, Legal Service Plans
Essential Retail Services Inc
970 Reserve Drive Ste 129
Roseville, CA 95678
(916) 616-6191
Legal Clinics, Paralegals, Legal Service Plans, Divorce Assistance, Legal Document Assistance, Estat
Roseville Paralegal
970 Reserve Dr. Suite 129
Roseville, CA 95678
(916) 616-6191
Paralegals, Mediation Services, Legal Document Assistance
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US