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Can I sell my house with just a quit claim deed?

It's an inexpensive way to transfer property, and, while an owner of a property acquired by quitclaim deed can't sell it without a clear title, the property can be sold later after a warranty deed is obtained. You can then buy title insurance and, with legal title, transfer the property through a warranty deed.

Why would someone do a quit claim deed?

Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners divorce and one spouse's name is removed from the title or deed.

Do I need a lawyer for a quit claim deed?

A quit claim deed transfers the legal ownership of the property from one party to another, and doesn't require attorneys or legal help, unless you choose to consult an attorney.

Is a quitclaim deed good?

They're as effective as a warranty deed to transfer title, but only if the title is good. A quitclaim deed can convey title as effectively as a warranty deed if the granter has a good title when the deed is delivered.

Does quit claim deed transfer ownership?

Quitclaim deed This transfers any ownership interest the granter (seller) has in the property, but it doesn't make promises about whether the title is good and if anybody else owns the property. When you sign a quitclaim deed, you're effectively giving up aka quitting your claim or rights to the property.

What happens to mortgage after quit claim deed?

If there is no mortgage, there is of course no way for the quitclaim deed to affect the mortgage. In some cases, the granter does have a mortgage while filing a quitclaim deed. The new owner will have the title of the property, but the original granter will still be liable for the outstanding mortgage.

Is a quit claim deed considered a sale?

Quitclaim deeds are not used for real estate sales, because the new owner receives no guarantees about the title and how valid it is.

Is a quit claim considered a sale?

Quitclaim deeds are not used for real estate sales, because the new owner receives no guarantees about the title and how valid it is.

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