Warranty Deed or Quit Claim?
In this article and video, types of warranties are discussed.
Points to consider:
There are many types of property deeds, and they all have their own purposes. Here is a guide to help you understand the differences between these documents.
– A warranty deed protects both the property owner and buyer from any potential liens or encumbrances on the property. This type of land deed can only be used for real estate transactions in some states, but it’s worth checking with your state laws before making any decisions!
– Quitclaim deeds are often used when one party wants to sell their share of a property without owning it anymore, such as if one spouse dies. They’re also sometimes used in divorces when someone doesn’t want anything to do with what was previously shared during marriage!
– A quitclaim deed is the least complicated type of property deeds. It’s an “I quit claim to you” document, meaning that someone who owns a property can give it up and have nothing more to do with it.
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