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 16743

Definition of a Quit Claim Deed in Zip Code 16743


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 PA 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 PA 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 16743
Hurtt John
682 Tunkhannock Ave
Exeter, PA 18643
(570) 654-9998
Social Security & Disability Law Attorneys, Attorneys, Real Estate Attorneys, Legal Service Plans
Zucker Patricia C
635 N 12th St # 101
Lemoyne, PA 17043
(717) 724-9821
Attorneys, Criminal Law Attorneys, Family Law Attorneys, Legal Service Plans, Bankruptcy Law Attorne
Daley Zucker Meilton Miner LLC
635 N 12th St
Lemoyne, PA 17043
(717) 724-9821
Estate Planning Attorneys,  Attorneys,  Family Law Attorneys,  Bankruptcy Law Attorneys
Diamond Robert L
4900 Cedar Ave # 3A
Philadelphia, PA 19143
(215) 471-9700
General Practice Attorneys, Attorneys
Gates Lowell R
1013 Mumma Rd Ste 100
Lemoyne, PA 17043
(717) 731-9600
Attorneys, Legal Service Plans
Gates Halbruner Hatch & Guise PC
1013 Mumma Rd
Lemoyne, PA 17043
(717) 731-9600
Wills, Trusts & Estate Planning Attorneys, Attorneys, Elder Law Attorneys, Legal Service Plans
Snook Cory J
1013 Mumma Rd Ste 100
Lemoyne, PA 17043
(717) 731-9600
Bankruptcy Law Attorneys, Attorneys
Perry, Judson B Perry & Baumbach PC
1035 Mumma Rd Ste 201
Lemoyne, PA 17043
(717) 737-9240
Corporation & Partnership Law Attorneys, Attorneys, Legal Service Plans, Employee Benefits & Worker
Clark & Krevsky
20 Erford Rd
Lemoyne, PA 17043
(717) 731-8600
Attorneys, General Practice Attorneys, Legal Service Plans, Labor & Employment Law Attorneys
Kulick Law Firm
1701 Wyoming Ave
Exeter, PA 18643
(570) 299-7883
General Practice Attorneys, Attorneys, Legal Service Plans
Honberger, Jansen M Gibble & Honberger PC
126 E Main St
Lititz, PA 17543
(717) 626-7778
Accident & Property Damage Attorneys,  Attorneys,  Family Law Attorneys,  Probate Law Attorneys,  El
Norfleet & Lafferty
1300 Market St
Lemoyne, PA 17043
(717) 737-7574
Accident & Property Damage Attorneys,  Attorneys,  Labor & Employment Law Attorneys,  Corporation &
Demartino James E
62 Highland Ct
Mount Bethel, PA 18343
(570) 897-6645
General Practice Attorneys, Attorneys
Straka & Gustine
435 Beaver St
Sewickley, PA 15143
(412) 741-6000
General Practice Attorneys, Attorneys, Legal Service Plans
Cefalo Michael J
309 Wyoming Ave
West Pittston, PA 18643
(570) 655-5555
Attorneys,  Malpractice Law Attorneys,  Accident & Property Damage Attorneys,  Corporation & Partner
Cybrid Inc
1017 Mumma Rd Ste 105
Lemoyne, PA 17043
(717) 541-5541
Immigration Law Attorneys, Immigration & Naturalization Consultants, Attorneys
Anderson William
700 Bower Hill Rd
Pittsburgh, PA 15243
(412) 571-5069
Attorneys, Legal Service Plans
Pierson Shawn M
105 E Oregon Rd
Lititz, PA 17543
(717) 560-4966
Attorneys, Elder Law Attorneys, Wills, Trusts & Estate Planning Attorneys, General Practice Attorney
Goehring Rutter and Boehm
2100 Georgetown Dr
Sewickley, PA 15143
(724) 935-4777
General Practice Attorneys, Attorneys, Legal Service Plans
Michael Cherewka Law Offices
624 N Front St
Lemoyne, PA 17043
(717) 232-4701
General Practice Attorneys,  Attorneys,  Legal Service Plans,  Attorneys Referral & Information Serv
Keith N Jordan
5834 Walton Ave
Philadelphia, PA 19143
(215) 474-4625
General Practice Attorneys
Peel Greevy Melissa
301 Market St # 2
Lemoyne, PA 17043
(717) 761-4540
Mediation Services, Attorneys
Blazosek Joseph M Atty
341 Wyoming Ave Ste 9
West Pittston, PA 18643
(570) 655-4445
Attorneys,  Criminal Law Attorneys,  Estate Planning, Probate, & Living Trusts,  Social Security &
Menn Stephen Attorney
225 Wyoming Ave
West Pittston, PA 18643
(570) 654-4441
Social Security & Disability Law Attorneys, Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US