Clean design in the Quitclaim Deed

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How to Clean design in the Quitclaim Deed

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- Hey there, this is Seth from the REtipster blog, and in this video, I just wanna give you a really quick overview of what a quitclaim deed is, when it makes sense to use it, and how you can put one together, if thats something you wanna do. (instrumental jingle) So a quitclaim deed is essentially a document that is used to transfer the ownership of real estate from one person or entity to another person or entity. And most of the time when people are buying houses and rental properties and other investments, the most common type of deed that people use is called a warranty deed, and thats a deed where the seller is essentially promising that they have totally free and clear title to the property, and they are conveying it to that new buyer, and theres no title defects on record, so nobody else has any ownership, any liens on the property, or anything that would encroach their totally-unencumbered ownership of that particular property. In the vast majority of cases, when people ar

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Which of the following is the most commonly used deed?

A general warranty deed is the best option for buyers of real property, since it provides the most encompassing guarantee that the property is free of liens or claims. Largely for this reason, general warranty deeds are the most commonly used type of deed in real estate sales.

What is the meaning of a quitclaim?

transitive verb. : to release or relinquish a legal claim to. especially : to release a claim to or convey by a quitclaim deed.

Which of the following is not conveyed in a quitclaim deed?

Quitclaim Deed This type of deed guarantees nothing and there is no expressed or implied warranty that grantor owns the property or any interest in it. Moreover, a quitclaim deed does not convey any after-acquired title.

Which of the following is a quitclaim deed most generally used for?

Quitclaim deeds are most often for transferring property between family members or to cure a defect on the title, such as a misspelling of a name.

Which type of deed is the most commonly used and provides the most protection for the grantee?

General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.

Which of the following types of deeds is most often used to clear up defects in a chain of title?

QUITCLAIM DEED This deed is often used to clear up defects in title and for transfers between family members or spouses.

What does valuable consideration mean in a quitclaim deed?

Valuable consideration broadly refers to a sufficient price paid by a party in exchange for something in a contract or sale. The valuable description of consideration also may mean that the consideration is monetary in contrast to other payment such as services or agreeing to forbear legal remedies.

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