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How does a quit claim deed work in Florida?

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 the purpose of a quitclaim deed?

Ultimately, the main problem with quitclaim deeds is their lack of any guaranty on the part of the person transferring their ownership interest in the property. With a quitclaim deed, the grantor only states that they are transferring any interest they may have in the propertywhatever that interest may be.

What are the disadvantages of a quit claim deed?

Recording the Quitclaim Deed Once recorded, the clerks office will return the original deed to the grantee. Recording the deed provides public notice of the ownership transfer and ensures the deed becomes part of the countys official records.

Why would someone do a quit claim deed in Florida?

Common situations where Florida quitclaim deeds can be used include: Property settlements. A quitclaim deed can remove an ex-spouse from a property title after divorce, transferring their interest to the other spouse. Transferring property into a trust.