Who Can Use a Quitclaim Deed?

Quitclaim deed is a document that is used when there is transfer of the ownership of a property without it being sold. There is no money changing hands during this kind of transaction, no issuing of title insurance and no carrying out of title search for ownership verification. If you are thinking where I can get a quit claim deed form, there are plenty of paid and free forms that you can find online to download and use. Find out who can use them. Please visit this site to get a quit claim deed pdf.

 

Those who wish to transfer title

These deeds are typically useful in all those situations where you would like to transfer title, or the claim of some other person to a property, with no exchange of any money. Due to an absence of warranty, generally you need to use a quitclaim deed only with someone you are familiar with and rely on. It is often applicable in case of family matters. For instance, parents shifting to a retirement community might use this deed to quit his claim on his home and give it to an offspring. Thus, the child can get the property rights. The child, it is assumed, already has an idea about the condition that the property is in.

During marriage or divorce

Such a deed can also be needed when anyone marries or gets divorced. In such cases, homeowners wish to remove or add a spouse to the property title. For instance, if you are purchasing a home and an ex-wife of the grantor has his / her name still on the property title although the grantor is the only one looking after the house. In such cases, you might request the ex-wide to sign a printable quit claim deed and remove her from the title.

Clearing title confusions

A person who would like to clear some confusion about the title might also use it. This could be for fixing problems like misspelling or issues with wording.

For more information about getting a quitclaim deed form in North Carolina, please visit this website.

Read more articles about quitclaim deed form here at - https://www.universalhunt.com/articles/how-does-a-quit-claim-deed-differ-from-a-general-warrantee-deed/30048