On the other hand, quit claim deeds are presented to these buyers instead by a person who does not necessarily legally own the property, but instead holds responsibility for that property. Such instances where this can occur are upon a death when the property is transferred as inheritance, or when spouses are both on the name of the deed and a divorce is occurring. Quit claim deeds, unlike warranty deeds, do not offer a great deal of protection to the buyers of the property. In truth, they should be avoided unless you know exactly what you are doing and have experience in buying and selling property.
FOR MORE INFORMATION
Contact us today!