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Remove Payment Field in the Quitclaim Deed

Remove Payment Field in the Quitclaim Deed

Aug 6th, 2022

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How to Remove Payment Field in the Quitclaim Deed

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In this video, attorney Robert Less discusses the risks associated with purchasing property via a quitclaim deed. Unlike a warranty deed, which provides guarantees about the property's title, a quitclaim deed only transfers the interest that the seller has, which may be subject to existing liens. Buyers assume these risks when acquiring property through a quitclaim deed. Such deeds are commonly used in divorce situations where one spouse transfers their interest to the other, or when parents convey property to their children. Additionally, they are utilized when members of a limited liability company transfer their shares in a property to others.

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