Quit Claim Deed

A quit claim deed allows the owner to sign over all ownership and financial interests in a property. For example, Sam can quit claim his interest in the Brooklyn Bridge to Ilyce. If he doesn't actually own the Brooklyn Bridge, the quit claim would be worthless. But if Ilyce quit claims her interest in her home to Sam, and she actually owns the property, then the quit claim deed would have value, and Sam would own the property. Once Sam owns the property, he can do with it what he wants. That's why you have to take extreme care before executing a quit claim deed. A quit claim deed transfers any interest you may have in a property to someone else with no guarantee that there are no other claims against the property.

We have dozens of articles on quit claim deeds. Look below for our "Quit Claim Deed Articles" (bottom left column of this page) and our title insurance videos below ("Related"). Buy a Quit Claim Deed form from the ThinkGlink.com Store. (Click on Store tab above).

Featured Quit Claim Deed Article

Removing Name With Quit Claim Deed

A daughter owns a home with her parents but is considering using a quit claim deed to remove her name from the title so she can buy a home with her husband. Signing a quit claim deed will remove her from the title but will not take away her obligations of the mortgage. The daughter should wait to sign a quit claim deed until the parents have refinanced and her name is off of the mortgage.

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