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What is the difference between a quitclaim deed and a grant deed in California?

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.

What is the difference between a deed and a grant deed?

Deed. Deeds are valuable to buyers because they provide certain protections regarding the sale of property. A grant deed is a deed that grants certain promises to the buyer: The property has not already been transferred to someone else.

Who signs an Interspousal transfer deed?

Property can be transferred between two spouses to one spouse, or from one spouse to the other, by using this type of deed. Interspousal deeds can be used in other ways as well. For example, a mortgage lender may ask the spouse of the borrower to sign an interspousal transfer deed.

What is a transfer deed in California?

The California TOD deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.

What is the difference between a deed and a grant deed in California?

Both types of legal documents serve the same function of transferring ownership of real property. The fundamental difference between quitclaim deeds and grant deeds is the level of protection and warranty provided to the grantee.

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