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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

Quit Claim Deed Gift To Family May Be A Huge Mistake

Quit Claim Deed Gift To Family May Be A Huge Mistake
Using a quit claim deed to gift your house to a family member may be a huge mistake. A quit claim deed gift may mean a large amount of taxes. Instead of using a quit claim deed to gift your house to a family member, it's much better to leave the house in your will or set up a trust. A quit claim deed can also be a quick way to lose your home if the person whom you signed the quit claim gift to decided to sell the house or loses it to foreclosure. Explore other ways of giving your house to a family member, rather than using a quit claim gift.

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