Carl Glendon

When Is A Quit Claim Deed Form Used?

A Quit Claim Deed is actually a type of real estate contract. It has to be signed by a grantor to make it legally effective, and used to describe the piece of land that is being conveyed. It can be a helpful tool and used to signify that all rights and interests in a property are given to a grantee by the grantor. Find out when a Quit Claim Deed in Ohio is used.

For the transfer of properties

In many cases, when this type of deed is signed, property interests are transferred immediately. It is the most basic and fastest way of transfer of interest of the property. However, this kind of deed has an important limitation. It can transfer only the grantor's rights over the property but does not ensure that the property is outright of the grantee. In case the deed has not been signed by others having any type of interest in the property, their rights are not affected by this kind of document. Still, they possess their ownership. A signed quitclaim deed, in most cases however, is a basic and effectual way to relinquish all types of interest in a property. For more information about getting a quick claim deed form, please visit this website.

For tax deed sales

It is signed as General Warranty Deed Form and for tax deed sales as well. Once the property is put up for auction by the government with no claim interest, its sale can help the government to recover its taxes and the interest is transferred to the buyer with the signing of the quick claim deed form.

For the divorces process

It can be used in divorces as well. For instance, when there is no sale of home, signing this type of deed is a vital part. One of two individuals should quit claim on his / her interest over the property - the home in this case. Please visit this site to get a quit claim deed in Arizona.

Author Resource:

Carl writes often about online legal drafting like affidavit, bill of sale and quitclaim deed forms to help the people. You can find his thoughts at general warranty deeds blog. To learn more about drafting a quitclaim deed in Texas online, visit this website.