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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.
What is a PT 61 form in GA?
eFiling Information PT-61 eFiling The Real Estate Transfer Tax (RETT) is not a property tax. It is an excise tax on transactions involving the sale of real property where title to the property is transferred from the seller to the buyer.
What are the disadvantages of a quitclaim deed?
Because a quitclaim deed offers no protection for buyers, it should not be used during traditional real estate sales. There is no guarantee of a clear title. Instead, quitclaim deeds are used when there is a property transfer outside of a real estate sale.
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Related links
Real Estate Transfer Tax | Department of Revenue - Georgia.gov
If you have questions about the electronic filing of the PT-61, you should contact GSCCCA customer support at (800) 304-5174 or locally at (404) 327-9760. About
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