A Quit Claim Deed Necessary

Why Is A Quit Claim Deed Necessary?

A Quitclaim deed form is one of the easiest ways to transfer real property to some new owner. The owner of the property, who is also referred to as the grantor can offer a deed of this type and have the entire property interest transferred to the grantee - or the recipient.

This type of transaction may or may not include the exchange of money. No title insurance requirement is there and there is no title search carried out for property owner verification purposes. Naturally, a quitclaim deed is used often to transfer properties between family members - such as spouses. At times this kind of a document is also referred to as a "quick claim deed" as it can help execute a property transfer very quickly.

What is the Need for a Quitclaim Deed?

A quitclaim deed can help remove a title defect or a name from the title of a property, other than being used for property transfer between family members.

Property transfer between family members

Quitclaim deed Louisiana forms are used very popularly for property transfer to family members, given that it is often that both parties rely on each other and there is no exchange of money involved.

For instance, aging parents can use it quitclaim deed for transferring real estate properties to sons or daughter. An elder brother can take a decision to have his portion of property divided and give some part to his younger brother. It can also be used for putting real estate property in some family trust.

Getting a Title Defect cleared

There are times when there is a cloud on the title of a property. If there is an unreleased document, claim or lien, the property title can appear to be invalid.

In such cases, a quitclaim deed can be initiated. It can release the property interest, so as to essentially clear the title.

Adding or removing a name to deed or title

These types of deeds are also used when a property owner gets married and likes to add the name of his / her spouse to the deed or title. These can also be used when owners get divorced and the name of spouse has to be removed from the deed or title.

About Author-

Carl writes often about online legal drafting like affidavit, bill of sale and quitclaim deed forms to help the people. For more information about getting a quitclaim deed in Louisiana, please visit this website.