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What are the 2 main types of deeds to transfer property in California?

California mainly uses two types of deeds: the grant deed and the quitclaim deed. Most other deeds you will see, such as the common interspousal transfer deed, are versions of grant or quitclaim deeds customized for specific circumstances.

What are the different types of deeds in Ohio?

Six Commonly Used Deed in Ohio General Warranty Deed. The most common form of deed used in Ohio is a General Warranty Deed. Limited Warranty Deed. Quit Claim Deed. Fiduciary Deed. Joint and Survivorship Deed. Transfer on Death Designation Affidavit.

Do you pay taxes on a quitclaim deed in Florida?

In fact, taxes may be due on a quit claim deed even when the property is transferred between spouses. With such transfers, if the property is mortgaged, then tax is generally due on half of the outstanding balance.

Which deed has the most protection?

A general warranty deed guarantees the property is free and clear of any liens and that the seller has the authority to sell the property. A warranty deed provides a buyer with the most protection.

What is the best type of deed to get?

A Warranty Deed is the best of the best. It protects you from all future and past issues with property title and any outstanding debts or liens.

What are the different types of property titles in California?

In California, there are five main ways to hold title. California title-vesting options include: Sole ownership. Community property. Community property with right of survivorship. Joint tenants with right of survivorship. Tenants in common.

What is the strongest form of deed?

A Warranty Deed is the strongest deed and warrants to the Grantee: That the Grantor has not previously conveyed the estate or any interest therein to anyone except the Grantee; and. The estate is free from encumbrances.

What is the best type of deed to get?

A Warranty Deed is the best of the best. It protects you from all future and past issues with property title and any outstanding debts or liens.

How does a quitclaim deed work in Florida?

Florida Quitclaim Deed Form Summary The Florida quitclaim deed form gives the new owner whatever interest the current owner has in the property when the deed is signed and delivered. It makes no promises about whether the current owner has clear title to the property.

What deed has the most protection?

General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.

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