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A deed is a signed legal document that transfers ownership of an asset to a new owner. Deeds are most commonly used to transfer ownership of property or vehicles between two parties. The purpose of a deed is to transfer a title, the legal ownership of a property or asset, from one person or company to another.
A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property. The title is transferred without any amendments or additions.
To convey is to make a transfer of a property interest to another individual by either sale or gift. This transaction is known as a conveyance. The standard way to convey a property interest is through a deed. The party who conveys property is known as the conveyor.
Terms in this set (4) In which of the following situations could a quitclaim deed NOT be used? c. The answer is to warrant that a title is valid.
In California, quitclaim deeds are commonly used between spouses, relatives, or if a property owner is transferring his or her property into his or her trust. A grant deed is commonly used in most arms-length real estate transactions not involving family members or spouses.
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Conveyance is the act of transferring ownership of property from one entity to another, usually in writing with a deed. If there is a mortgage lender involved, a deed of trust is created, allowing the lender to hold the title until the mortgage is repaid.
The disclaimer deed is a legal document that has legal consequences. Further, the disclaimer deed will clearly state that the spouse signing it is waiving (disclaiming) any interest in the house being purchased.
a real property deed which transfers (conveys) only that interest in the property in which the grantor has title. Commonly used in transfers of title or interests in title, quitclaims are often made to family members, divorcing spouses, or in other transactions between people well-known to each other.
Quitclaims, waivers, releases (collectively referred herein as quitclaims) are legal documents signed by employees who absolve their employees from any and all liability.
A quitclaim deed is often used in divorces or inheritance situations, when a spouse or heir gives up any potential rights to real estate.

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