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 97202

Definition of a Quit Claim Deed in Zip Code 97202


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 97202
Dore Blake
6637 SE Milwaukie Ave # 207
Portland, OR 97202
(503) 894-9939
General Practice Attorneys, Attorneys
Divorce Shoppe
8624 SE 13th Ave
Portland, OR 97202
(503) 232-9922
Divorce Attorneys,  Attorneys,  Family Law Attorneys,  Legal Service Plans
Gordon Michael F
205 SE Spokane St # 337
Portland, OR 97202
(503) 274-9766
Attorneys
Gregory, Alexander - Gregory & Gregory Pc
4004 SE Woodstock Blvd
Portland, OR 97202
(503) 231-9358
Divorce Attorneys,  Attorneys,  Family Law Attorneys,  Real Estate Attorneys,  Bankruptcy Law Attorn
Stern Denise L
1430 SE Malden St
Portland, OR 97202
(503) 231-9340
Attorneys, Legal Service Plans
Dillon Helen C
3005 SE Carlton St
Portland, OR 97202
(503) 223-7884
Attorneys, Legal Service Plans
Legal Alternatives
3930 SE Francis St
Portland, OR 97202
(503) 772-5295
Family Law Attorneys, Divorce Assistance, Attorneys
St Louis Gary M
1606 SE Glenwood St
Portland, OR 97202
(503) 233-4991
Attorneys, General Practice Attorneys
Spencer Jesse Neal
3331 SE Milwaukie Ave
Portland, OR 97202
(503) 234-4756
Attorneys, General Practice Attorneys, Legal Service Plans
Bernardi & Spencer
3331 SE Milwaukie Ave
Portland, OR 97202
(503) 234-4756
Attorneys, Bankruptcy Services, Bankruptcy Law Attorneys
Di Bartolomeo Law Office
3664 SE Woodstock Blvd
Portland, OR 97202
(503) 298-4624
Personal Injury Law Attorneys, Personal Property Law Attorneys, Litigation & Tort Attorneys, Civil L
Goldberg Steven
205 SE Spokane St # 325
Portland, OR 97202
(503) 445-4622
Attorneys
Shulman DuBois LLC
1553 SE Tolman St
Portland, OR 97202
(503) 222-4411
Legal Service Plans,  Automobile Accident Attorneys,  Personal Injury Law Attorneys,  Attorneys
Ian H. Wallace
8203 SE 7th Ave
Portland, OR 97202
(503) 227-3877
Bankruptcy Law Attorneys, Attorneys, Legal Service Plans
Aubertine Law Group
8203 SE 7th Ave
Portland, OR 97202
(503) 221-2333
Attorneys
Rinks Kathleen Y
205 SE Spokane St # 315
Portland, OR 97202
(503) 227-1711
Attorneys, Legal Service Plans
Pijanowski Michael
1606 SE Glenwood St
Portland, OR 97202
(503) 235-1582
Attorneys
Henderson William
1726 SE Umatilla St
Portland, OR 97202
(503) 239-1535
Attorneys, Legal Service Plans
Bostwick Michael G
637 SE Linn St # C
Portland, OR 97202
(503) 735-1234
General Practice Attorneys, Attorneys
Clark Jennie
4516 SE Milwaukie Ave
Portland, OR 97202
(503) 238-1010
Attorneys, Legal Service Plans
Petty Jill-
205 SE Spokane St Ste 300
Portland, OR 97202
(503) 656-0637
Attorneys, Personal Injury Law Attorneys, General Practice Attorneys, Traffic Law Attorneys
Caryn Jones
2505 SE 11th Ave Ste 220
Portland, OR 97202
(503) 941-0490
General Practice Attorneys, Attorneys
Patent TMUS
8337 SE 13th Ave
Portland, OR 97202
(503) 224-0115
Attorneys, Patent, Trademark & Copyright Law Attorneys
Patent TMUS
1224 SE Malden St
Portland, OR 97202
(503) 224-0115
Attorneys, Patent, Trademark & Copyright Law Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US