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 94964

Differences between Quit Claim Deeds and Warranty Deeds in Zip Code 94964


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 94964
H Miller Manuel
20750 Ventura Blvd # 440
Woodland Hills, CA 91364
(818) 710-9993
General Practice Attorneys, Attorneys
Herrera Victor J
337 N Vineyard Ave
Ontario, CA 91764
(909) 259-9906
Immigration Law Attorneys, Criminal Law Attorneys, Attorneys, Wills, Trusts & Estate Planning Attorn
JSS Family Law
11400 W Olympic Blvd # 830
Los Angeles, CA 90064
(310) 481-9900
Family Law Attorneys, Divorce Attorneys, Attorneys
Buda Frank M
21243 Ventura Blvd # 102
Woodland Hills, CA 91364
(818) 999-9871
Attorneys, Legal Service Plans
Mc Gee Lerer & Assoc
11300 W Olympic Blvd # 870
Los Angeles, CA 90064
(310) 231-9717
Personal Injury Law Attorneys, Wrongful Death Attorneys, Attorneys
Brignac Paralegal Contracting Services
9107 Wilshire Blvd. Suite 450
Los Angeles, CA 90064
(310) 746-9658
Paralegals
Brignac Paralegal Contracting Services
11400 W Olympic Blvd
Los Angeles, CA 90064
(310) 746-9658
Paralegals
Devirian & Shinmo Law Offices
11400 W Olympic Blvd # 200
Los Angeles, CA 90064
(310) 312-9587
General Practice Attorneys, Attorneys
Borowitz & Clark
3535 Inland Empire Blvd
Ontario, CA 91764
(909) 983-9555
Bankruptcy Law Attorneys,  Attorneys,  Bankruptcy Services,  Legal Service Plans
Whitefield Laura
5309 Comercio Way
Woodland Hills, CA 91364
(818) 704-9500
Attorneys, General Practice Attorneys
Attorney George H. Jones
11500 W Olympic Blvd Ste 400
Los Angeles, CA 90064
(213) 291-9401
Corporation & Partnership Law Attorneys, Labor & Employment Law Attorneys, Attorneys
Carter Scott E
621 Quinan St # A
Pinole, CA 94564
(510) 741-9400
General Practice Attorneys, Attorneys, Legal Service Plans
Mc Donald Janis
11355 W Olympic Blvd # 100
Los Angeles, CA 90064
(310) 478-9398
General Practice Attorneys, Attorneys
The Document People
21904 Ventura Blvd
Woodland Hills, CA 91364
(818) 704-9395
Paralegals, Estate Planning, Probate, & Living Trusts, Legal Document Assistance
Protocol Supervised Visitation Services
22647 Ventura Blvd Ste 108
Woodland Hills, CA 91364
(888) 963-9391
Family Law Attorneys, Attorneys
Novodor Alan G
11835 W Olympic Blvd # 1125E
Los Angeles, CA 90064
(310) 479-9387
Attorneys, Corporation & Partnership Law Attorneys, Business Law Attorneys, Legal Service Plans
Inland Valleys Justice Center
21781 Ventura Blvd., Suite 633
Woodland Hills, CA 91364
(877) 832-9325
Mediation Services, Arbitration Services, Arbitration & Mediation Attorneys
Price Law Group
1600 Executive Ct
Sacramento, CA 95864
(818) 986-9266
Attorneys,  Legal Service Plans,  Bankruptcy Services,  Bankruptcy Law Attorneys,  Financial Service
Bankruptcy Law Firm
10524 W Pico Blvd Ste 212
Los Angeles, CA 90064
(310) 559-9224
Mon. - Fri. 9am - 5pm, Sat. - Sun. CLOSED
Mason Joshua
14261 Danielson St
Poway, CA 92064
(858) 486-9200
General Practice Attorneys, Attorneys
Bunmi Awoniyi
1610 Executive Ct
Sacramento, CA 95864
(916) 925-9180
Mediation Services,  Arbitration Services,  General Practice Attorneys,  Attorneys
Mark Grotewohl
1610 Executive Ct
Sacramento, CA 95864
(916) 925-9180
Immigration Law Attorneys, Attorneys, Family Law Attorneys, Legal Service Plans
Sternberg Donald E
5525 Oakdale Ave # 234
Woodland Hills, CA 91364
(818) 710-8934
Attorneys, Legal Service Plans
Dell Louis P
11150 W Olympic Blvd # 1120
Los Angeles, CA 90064
(213) 385-8856
General Practice Attorneys, Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US