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A quit claim deed in Colorado requires specific legal formalities. Parties must include the grantor and grantees names, a clear property description, and the granting language which confirms the intent to transfer ownership. The deed must be signed by the grantor in front of a notary public.
Quitclaim deeds are part of public record. This means anyone who wants a copy can obtain one. One way to get a copy of this type of deed is to visit your local county recorders office. If you dont know where this is, simply Google search County Clerk followed by the name of the county where the property exists.
A quitclaim deed is only valid if both parties willingly performed the property transfer. If there is evidence that the grantor was coerced into filing the quitclaim against their will, this is grounds to revoke it.
What are the Disadvantages of a Quit Claim Deed? No Protections For The Transaction: Unlike warranty deeds, a quitclaim deeds does not offer protections for the new property owner. There is no way to guarantee that the property is owned free and clear, and that there are no easements or restrictions.
For instance, in Colorado, land transfer laws stipulate that quitclaim deeds must undergo notarization.
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