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 Zip Code 02108

Definition of a Quit Claim Deed in Zip Code 02108


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 MA 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 MA 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 02108
Schribman Marshall M
11 Beacon St
Boston, MA 02108
(617) 367-9979
Attorneys, Legal Service Plans
Lovenberg & Associates, P.C.
11 Beacon St # 325
Boston, MA 02108
(617) 973-9950
Accident & Property Damage Attorneys, Personal Injury Law Attorneys, Legal Service Plans
Kerby Roberson
15 Court Sq # 350
Boston, MA 02108
(617) 918-9898
General Practice Attorneys, Attorneys
Cabral Michael B
6 Beacon St # 1115
Boston, MA 02108
(617) 248-9800
General Practice Attorneys, Attorneys, Legal Service Plans
O'Reilly Michael J
45 School St
Boston, MA 02108
(617) 227-9779
Attorneys, Legal Service Plans
Spears W Diane
45 School St
Boston, MA 02108
(617) 227-9713
Attorneys, Legal Service Plans
White Veronica
101 Tremont St
Boston, MA 02108
(617) 338-9507
Attorneys, General Practice Attorneys, Legal Service Plans
Lerner & Holmes
2 Center Plz # 410
Boston, MA 02108
(617) 443-9470
Attorneys
Elikann Peter
80 Beacon St # 9
Boston, MA 02108
(617) 742-9462
Attorneys, Criminal Law Attorneys, DUI & DWI Attorneys, Legal Service Plans
Peter Elikann
80 Beacon St
Boston, MA 02108
(617) 742-9462
DUI & DWI Attorneys, Attorneys, Criminal Law Attorneys, Legal Service Plans
Kimball Brousseau & Michon
1 Washington Mall # 7B
Boston, MA 02108
(617) 367-9449
Attorneys, Legal Service Plans
Robert E Daidone Law Offices
44 School St
Boston, MA 02108
(617) 722-9310
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Personal Injury Law Attorneys,  Crimi
Kelly J Lawrence
101 Tremont St Ste 800
Boston, MA 02108
(617) 292-9220
Attorneys, General Practice Attorneys
Hren Gregory
101 Tremont St # 1015
Boston, MA 02108
(617) 426-9215
Attorneys
Saggese Alfred E Jr
2 Center Plz
Boston, MA 02108
(617) 742-9191
General Practice Attorneys, Legal Service Plans, Attorneys
Greene LLP
One Liberty Square, Suite 1200
Boston, MA 02108
(855) 809-9119
Personal Injury Law Attorneys, Employment Discrimination Attorneys, Attorneys
Genzale & Haven, LLP
101 Tremont St Ste 800
Boston, MA 02108
(617) 542-9103
Attorneys, Legal Service Plans
Schultz Gordon
1 Washington Mall
Boston, MA 02108
(617) 723-9095
Attorneys, Legal Service Plans
William Roa Law Office
101 Tremont St # 800
Boston, MA 02108
(617) 426-9001
General Practice Attorneys, Attorneys, Legal Service Plans
Musco Edward J
294 Washington St # 429
Boston, MA 02108
(617) 292-8998
Attorneys, General Practice Attorneys
Krockmalnic Gabriela
6 Beacon St # 900
Boston, MA 02108
(617) 523-8900
General Practice Attorneys, Attorneys, Legal Service Plans
David Ross Williamson Law Ofcs
6 Beacon St # 400
Boston, MA 02108
(617) 523-8882
General Practice Attorneys, Attorneys, Legal Service Plans
McLellan & Zack
45 School St
Boston, MA 02108
(617) 227-8866
Attorneys, Legal Service Plans
Rosencranz and Associates
1 Center Plz Ste 220
Boston, MA 02108
(857) 284-8820
Personal Injury Law Attorneys, Attorneys, Legal Service Plans, General Practice Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US