A quitclaim deed is a simple form that transfers a piece of real estate from one person to another. Any homeowner can fill out a quitclaim deed with their name and the name of the recipient, and the property’s existing legal description, sign it in front of a notary and record the document. That effectively and quickly passes a property on. No wonder these forms mistakenly get called “quick claim” deeds.
Yet quitclaims are not a good pick for most property conveyances. Read on to learn more.
Continue reading “Using a Quitclaim Deed: What Are the Drawbacks?”