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The way a quitclaim deed works is that this type of transfer makes no seller guarantees. It merely states that the seller transfers any ownership interest to the buyer. So if the seller has absolutely no ownership interest in the property, thats precisely what transfers in a quitclaim deed to any buyer.
What are the disadvantages of a quit claim deed?
Quitclaim deeds offer a quick, simple way to transfer property ownership, particularly between trusted parties like family members or spouses. However, they come with risks and limitations, making them unsuitable for many property transactions where the buyer wants full protection of their purchase.
Do you need a lawyer for a quit claim deed in NC?
Navigating the quitclaim deed process is an extremely arduous task to tackle on your own. You need a knowledgeable real estate attorney who can help you successfully transfer ownership for the most stress-free experience possible.
Quitclaim Deed - A deed, which is used to obtain a release from a person who is believed to have some interest in or claim to property. The grantor quits
Request for quitclaim deed to the filled area should be directed to the Division of State Property. The request must be accompanied by a metes and bounds
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