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 Sterling Heights, MI

Definition of a Quit Claim Deed in Sterling Heights, MI


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 MI 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 MI 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 Sterling Heights, MI
Marilyn A Knak
43455 Schoenherr Rd
Sterling Heights, MI 48313
(586) 739-9990
Elder Law Attorneys, Attorneys
Mark N Awada Law Office
35957 Mound
Sterling Heights, MI 48310
(586) 801-9745
Attorneys, General Practice Attorneys
Stephen Rabaut
42700 Schoenherr Rd
Sterling Heights, MI 48313
(586) 532-9306
Attorneys
Tomko Thomas J & Associates
39850 Van Dyke Ave, Suite 200
Sterling Heights, MI 48313
(586) 795-8822
Criminal Law Attorneys,  DUI & DWI Attorneys,  Drug Charges Attorneys,  Bankruptcy Law Attorneys,  T
Hermiz Law
44488 Mound Rd.
Sterling Heights, MI 48314
(586) 580-8344
Criminal Law Attorneys,  Divorce Attorneys,  DUI & DWI Attorneys,  Real Estate Attorneys,  Bankruptc
Goldman & Lulgjuraj Law Offices
2107 E 14 Mile Rd Ste 140
Sterling Heights, MI 48310
(586) 939-8299
General Practice Attorneys, Attorneys, Legal Service Plans
Frank R Langton & Assoc
33200 Dequindre Rd Ste 100
Sterling Heights, MI 48310
(586) 268-8200
Personal Injury Law Attorneys, Attorneys, Labor & Employment Law Attorneys
Bieske J B
38850 Van Dyke Ave # 101
Sterling Heights, MI 48312
(586) 977-8100
Attorneys, Social Security & Disability Law Attorneys, Elder Law Attorneys, Legal Service Plans
Barsch Kristina
38600 Van Dyke Ave # 150
Sterling Heights, MI 48312
(586) 979-8100
Probate Law Attorneys, Attorneys, Wills, Trusts & Estate Planning Attorneys, General Practice Attorn
Barsch & Joswick PLLC
44444 Mound Rd
Sterling Heights, MI 48314
(586) 979-8100
Attorneys, Probate Law Attorneys, Elder Law Attorneys
Derik Girdwood Law Office
3384 Galaxy Blvd
Sterling Heights, MI 48314
(586) 783-8095
Attorneys, Criminal Law Attorneys, Divorce Attorneys, Traffic Law Attorneys
Michigan Law Center
12900 Hall Rd Ste 470
Sterling Heights, MI 48313
(586) 884-7607
Elder Law Attorneys, Attorneys, General Practice Attorneys
Boyer & Dawson PC
43805 Van Dyke Ave
Sterling Heights, MI 48314
(586) 731-7400
Accident & Property Damage Attorneys, Attorneys, Criminal Law Attorneys
Palazzolo Joseph P
39850 Van Dyke Ave
Sterling Heights, MI 48313
(586) 979-7272
Civil Litigation & Trial Law Attorneys, Criminal Law Attorneys, Divorce Attorneys, DUI & DWI Attorne
Champion Wholesale Supply
7843 Metropolitan Pkwy
Sterling Heights, MI 48312
(586) 722-7077
Bankruptcy Law Attorneys
Robinette Ernest L
39850 Van Dyke Ave
Sterling Heights, MI 48313
(586) 979-6000
Attorneys,  DUI & DWI Attorneys,  General Practice Attorneys,  Legal Service Plans
Keyes Robert Alexander
44443 Phoenix Dr
Sterling Heights, MI 48314
(586) 731-5640
Attorneys
Warner Norcross & Judd LLP
12900 Hall Rd Ste 435
Sterling Heights, MI 48313
(248) 784-5199
Attorneys,  Legal Service Plans,  Labor & Employment Law Attorneys,  Tax Attorneys,  Immigration Law
Walton Scally Law Offices
44488 Mound Rd
Sterling Heights, MI 48314
(586) 991-5183
General Practice Attorneys, Attorneys
Simjanovski Law Group
12900 Hall Rd
Sterling Heights, MI 48313
(586) 991-5044
Litigation & Tort Attorneys, Attorneys
Lupo & Koczkur PC
44777 Hayes Rd Ste A
Sterling Heights, MI 48313
(586) 532-5000
Attorneys, Legal Service Plans
Szot Stanley J
38700 Van Dyke Ave # 200
Sterling Heights, MI 48312
(586) 268-4600
Accident & Property Damage Attorneys, Attorneys, Legal Service Plans
Buczkowski Leonard J
5584 Metropolitan Pkwy
Sterling Heights, MI 48310
(586) 795-4500
Attorneys
Serra & Isopi
43455 Schoenherr Rd
Sterling Heights, MI 48313
(586) 323-4400
Divorce Attorneys,  Attorneys,  Wrongful Death Attorneys,  Probate Law Attorneys,  Child Custody Att
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US