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What Are Quit Claim Deeds For

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What Are Quit Claim Deeds For
Shared by: mr doen
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11/16/2011
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Anyone who has had to go through a legal process (and that's practically

everyone) knows that there is a plethora of papers involved. One of the

most common types of legal papers is a quit claim deed. This is basically

documentation that allows a person to give away his rights to a piece of

property to another person or entity. In effect, the person who signs the

quit claim deed transfers the right to ownership of that property to

someone else.A quit claim deed is most often used in dealing with family

issues. A divorce, for example, often involves a quit claim deed. If a

married couple is going through a divorce, and say the house and land is

to go to the wife, she may ask the husband to sign a quit claim deed. The

result will be that the husband will have no legal rights to the property

anymore. The process may apply in the opposite manner - the wife signs a

quit claim deed in favor of the husband.This can also be done between

other family members. Say the parents of two siblings are deceased and

one child does not want to retain any rights over a piece of property

passed on by their parents. This child may opt to sign a quit claim deed,

which gives over his rights of ownership to the other sibling.How do you

execute a quit claim deed? The process is relatively easy. The first step

is to get a legal description of the property in question. The more

information that you have in this regard, the better it is.The next step

is to acquire a blank quit claim deed form. You can buy this at most

bookstores or office supply stores. You may even blank forms online. You

then need to fill this form out. This is where you have to be careful as

even the tiniest error in the form may invalidate it legally. Double

check your figures and facts, and make sure that your handwriting is

legible. Take note that the "grantor" is the person (or persons) who is

relinquishing his rights to the property. The "grantee" is the person who

is receiving the rights to the property.Once the quit claim deed is fully

filled out, all the people involved have to meet at a notary public's

office. This means that all the grantors and grantees have to be present,

and sign the document in front of the notary public. He will then

notarize the form, making it legally binding. Make sure that you create

photocopies of the quit claim deed for your own files.The last step is to

record the quit claim deed at the county clerk's office. This will

require a small fee, but it is a necessary step to formally legalizing

the agreement between the grantors and the grantees.A quit claim deed is

a legal document used to relinquish the rights to a property by one

person (the grantor) to another (the grantee). You can find blank quit

claim deeds online to make it easier for you to fill them out properly.


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