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Remove Arrow into the Quitclaim Deed

Remove Arrow into the Quitclaim Deed

Aug 6th, 2022

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How to Remove Arrow into the Quitclaim Deed

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71 votes

In this video, attorney Robert Less discusses the risks associated with purchasing property through a quitclaim deed. Unlike a warranty deed, a quitclaim deed only transfers the interest the seller has, which may be subject to existing liens, thereby exposing the buyer to significant risk. Quitclaim deeds are commonly used in divorce situations, allowing one spouse to transfer property interest to the other, or in cases where a parent conveys property to their children. Additionally, they can be used when a member of a limited liability company transfers their share of property to another member. Less emphasizes the importance of understanding these risks before proceeding with a quitclaim deed.

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