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How does a quit claim deed work in Arkansas?

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?

Per Ark. Code 21-6-306, the recording fees for a quitclaim deed are $15 for the first one-sided page and $5 for each additional page.

Who benefits the most from a quitclaim deed?

The quitclaim deed simply transfers any interest they may have to the other party. Because of the lack of title guarantees, quitclaim deeds are most often used to transfer property between two parties who know and trust each other, such as family members.

How does a quitclaim deed work in Arkansas?

Unlike a Warranty Deed, the Quitclaim Deed does not include any guarantees about the Propertys title. All a Quitclaim Deed does is transfer the exact same rights the owner has at that specific time. If there are outstanding claims against the property, the buyer will be subject to all of the claims.