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Replace Cross Out Option to the Quitclaim Deed

Replace Cross Out Option to the Quitclaim Deed

Aug 6th, 2022

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How to Replace Cross Out Option to the Quitclaim Deed

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Brad Lynch, known as "your mortgage guy for life," discusses quitclaim deeds in this tutorial. He clarifies that the correct term is "quitclaim deed," although some may refer to it as a "quick claim deed." A quitclaim deed is used to transfer the grantor's interest in real estate. For example, in a divorce situation, one spouse can use a quitclaim deed to transfer their interest in a home to the other spouse. Lynch encourages viewers to check his online presence for more information on mortgages, refinances, purchases, and lending related to divorce.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Is a quit claim deed OK?

Quitclaim deeds lack certain protections and promises found in other types of deed to real property. Because of this, they should only be used under certain circumstances. These include transferring real estate between close family members, for instance, from a parent to a child.

What is the meaning of a quitclaim?

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

What is the opposite of a quit claim deed?

With a warranty deed, the person transferring title of a property (the seller) is guaranteeing that they have a defensible ownership interest in the property and can therefore transfer their ownership interest to the other party (the buyer).

How does a quit claim deed work in Washington state?

Quitclaim deeds are similar to traditional deeds in that they transfer property from one party to another. However, the biggest difference between a deed and quitclaim deed is that the latter transfers the property without promises that the property is free from liens or other financial obligations, such as a mortgage.

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