Replace List into the Quitclaim Deed

Aug 6th, 2022
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How to Replace List into the Quitclaim Deed

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In this video, Attorney Robert Flesses addresses a question from a viewer named Gina about changing a quitclaim deed to a warranty deed after buying a foreclosure. He explains that a quitclaim deed only transfers the rights and interests that the seller had at the time of the sale, without any guarantees regarding the title's validity. Essentially, once you receive a quitclaim deed, you cannot turn it into a warranty deed, which typically offers greater protection to buyers through assurances of clear title. Flesses emphasizes that the nature of the deed remains unchanged after the transaction.

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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).
Moving Forward Type of DocumentPrior Fee Structure*New FeeDeed of Transfer (e.g., Limited Warranty Deed, Quitclaim Deed)$10.00 for the first page, $2.00 for each addl page$25.00Security Instrument or Modification of Security Instrument (e.g., Security Deed, ALR)$10.00 for the first page, $2.00 for each addl page$25.006 more rows Jun 11, 2019
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.
: to release or relinquish a legal claim to. especially : to release a claim to or convey by a quitclaim deed. quitclaim noun.

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