12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
Get the Oregon Legal Documents You Need in Only Minutes!
  • Written by expert Attorneys
  • Guaranteed for your State
  • Personalized for your situation
  • Finish and print in minutes!

Definition of a Quit Claim Deed in Zip Code 97201

Definition of a Quit Claim Deed in Zip Code 97201


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.

 
Download & Print a Free OR Last Will Personalize This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Download & Print a Free OR Living Will Personalize This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
  Answer Easy
Questions
answer simple questions online step by step
Easy Questions, Instant Documents
  • Finish in Minutes
  • Download Immediately
  • Written by Attorneys
  • 100% Guaranteed
  Get Instant Legal
    Documents

Print, save or email your finished legal document immediately!
Last Will & Testament
Related Legal Services near Zip Code 97201
NW Business Law Group
1300 SW Park Ave Apt 1009
Portland, OR 97201
(503) 224-9946
Corporation & Partnership Law Attorneys, Attorneys
Alcantar & Kahl
1300 SW 5th Ave # 1750
Portland, OR 97201
(503) 402-9900
Attorneys, Legal Service Plans
Hunt Terrance C
1618 SW 1st Ave # 315
Portland, OR 97201
(503) 296-9647
Attorneys, Legal Service Plans
Hughes Michael
1717 SW Park Ave
Portland, OR 97201
(503) 973-9334
Attorneys
Stahancyk Kent & Hook PC
2400 SW 4th Ave
Portland, OR 97201
(503) 222-9115
Attorneys
Robert G. Crow PC
2121 SW Broadway Suite 130
Portland, OR 97201
(503) 319-9111
Attorneys
Tarlow Naito & Summers LLP
150 SW Harrison St Ste 200
Portland, OR 97201
(503) 968-9000
Attorneys, Legal Service Plans
Conde Law Group PC
1750 SW Harbor Way Ste. 350
Portland, OR 97201
(971) 373-8921
Personal Injury Law Attorneys, Civil Litigation & Trial Law Attorneys
Goldberg Jones | Divorce For Men
111 SW Columbia St Suite 1150
Portland, OR 97201
(503) 731-8888
Attorneys, Divorce Attorneys, Child Custody Attorneys
Gorin Lawrence D
521 SW Clay St
Portland, OR 97201
(503) 224-8884
Attorneys
Mc Culloch, Mark - Powers Mc Culloch & Bennett
1300 SW 5th Ave # 1720
Portland, OR 97201
(503) 228-8588
Attorneys,  General Practice Attorneys,  Legal Service Plans,  Business Law Attorneys,  Real Estate
Brittle & Brittle P.C.
1318 SW 12th Ave
Portland, OR 97201
(503) 345-8220
Attorneys, Probate Law Attorneys, Criminal Law Attorneys
Gutzler Michael N
1515 SW 5th Ave # 808
Portland, OR 97201
(503) 228-8136
Attorneys
Mark C Cogan Law Offices
1500 SW 1st Ave
Portland, OR 97201
(503) 827-8092
Attorneys,  Criminal Law Attorneys,  DUI & DWI Attorneys,  Legal Service Plans
Johnston Root & Leibenguth
1500 SW 1st Ave Ste 920
Portland, OR 97201
(503) 226-7986
Divorce Attorneys,  Attorneys,  Family Law Attorneys,  Legal Service Plans
Page Lex F
140 SW Arthur St
Portland, OR 97201
(503) 224-7880
Attorneys
Bowman Timothy M
222 SW Columbia St # 1625
Portland, OR 97201
(503) 224-7878
Attorneys
Browning Sheri C
1300 SW 5th Ave # 3400
Portland, OR 97201
(503) 226-7677
Attorneys
Calvert Tyson L
1300 SW 5th Ave # 3400
Portland, OR 97201
(503) 226-7677
Attorneys, General Practice Attorneys, Legal Service Plans
Arnold Rachel A
1300 SW 5th Ave # 3400
Portland, OR 97201
(503) 226-7677
Attorneys
Beattie Jay W
1300 SW 5th Ave # 3400
Portland, OR 97201
(503) 226-7677
General Practice Attorneys, Attorneys, Legal Service Plans
Dumas James L
1300 SW 5th Ave # 3400
Portland, OR 97201
(503) 226-7677
Attorneys
Estok Michael
1300 SW 5th Ave # 3400
Portland, OR 97201
(503) 226-7677
Attorneys, General Practice Attorneys, Legal Service Plans
Jones Nikola Lyn
1300 SW 5th Ave # 3400
Portland, OR 97201
(503) 226-7677
Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US