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When would I need to sign a quit claim deed?

asked by Chris11 (21)

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Tags:  real estate

answers

A quit claim deed transfers ownership of property to another person. You need the legal description of the property you want to transfer and the proper form for your state.

6 votes

When title to a piece of real property can not be verified, parties who formerly had some claim to the property will be asked to sign a quit claim deed.

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posted by Stephen (94)
6 votes

Never sign a quit claim deed if you are still on the mortgage; you'll owe but now own. Only sign if willing to give up rights to the property.

6 votes

By signing a quit claim deed, you state that you have no interest in the property. This is common when marriage left a name on the deed.

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posted by patti (17538)
4 votes

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