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Replace Watermark from the Quitclaim Deed

Replace Watermark from the Quitclaim Deed

Aug 6th, 2022

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How to Replace Watermark from the Quitclaim Deed

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In this video, attorney Robert Less discusses the risks associated with purchasing property via a quitclaim deed. He explains that a quitclaim deed transfers the seller's interest in the property but does not guarantee that the title is free of liens or other encumbrances. This means the buyer assumes any existing liabilities tied to the property, making it a high-risk transaction. Quitclaim deeds are often used in divorce situations, where one spouse conveys their interest to the other, or when parents transfer property to their children. Additionally, they may be utilized when a member of a limited liability company transfers their share of property.

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