Quit Claim Deed

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What is a Quit Claim Deed?

A quit claim deed is a legal document used to transfer an individual's interest in a property to another person or entity. Unlike a warranty deed or a grant deed, a quit claim deed makes no guarantees about the title's status. It only transfers whatever interest the grantor (the person giving up their interest) has in the property, if any. Below the form are some common scenarios in which someone might use a quit claim deed.

Quit Claim Deed -Title Resources, Inc in St. Louis, MO

Quit Claim Deed: $250

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Quit Claim Deed
  1. Transferring Property Between Family Members: quit claim deeds are often used in family situations, such as transferring property between spouses after a divorce, gifting property to a family member, or transferring property to heirs as part of an estate plan.
  2. Removing Someone from a Property Title: If multiple individuals own a property, and one of them wants to give up their ownership interest, they can use a quit claim deed to do so. For example, in a divorce, one spouse might quit claim their interest in the marital home to the other spouse.
  3. Clarifying Property Ownership: Sometimes, there may be confusion or disputes about property ownership or boundaries. A quit claim deed can be used to clarify or resolve such issues by transferring any potential claims to the property.
  4. Adding or Removing a Co-Owner: If you want to add or remove a co-owner from a property title, you can use a quit claim deed. This is often seen when people form or dissolve partnerships or when business partners want to change property ownership.
  5. Correcting Title Defects: If there are issues with the title, such as a misspelled name or an incorrect legal description, a quit claim deed can be used to correct these defects.
  6. Transferring Property to a Trust or LLC: Property owners may use quit claim deeds to transfer property into a living trust, family trust, or limited liability company (LLC) for estate planning or asset protection purposes.
  7. Clearing Clouds on the Title: Sometimes, there may be clouds on a property’s title, such as an old, unresolved lien. A quit claim deed can be used to transfer any interest or claims related to these clouds to another party, making it easier to sell or finance the property.

It’s essential to note that quit claim deeds are not typically used in real estate transactions where the buyer wants assurances about the property’s title history and ownership. In such cases, warranty deeds or grant deeds are more common because they provide warranties about the title’s quality.

Before using a quit claim deed, it’s advisable to consult with a real estate attorney or a legal expert to ensure that it’s the appropriate solution for your specific situation and that you fully understand its implications.

Smooth and Stress-Free Closings

Title Resources Inc. guides you through every step of the home buying or selling process with our comprehensive title services. Our experienced professionals provide personalized service tailored to your unique needs, making us the perfect destination for first-time homebuyers or seasoned real estate investors. Rest assured that you're in good hands with our team of experts. We offer both residential and commercial title services in Colorado, Florida, Illinois and Missouri, and with over 40 years of trusted experience, you can rest assured that you're in good hands. Our team of experts is committed to making the closing process as smooth and stress-free as possible.

Title Resources, Inc in St. Louis, MO Residential and Commercial Title

Title Resources Inc.

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Why choose Title Resources Inc.?

Title Resources, Inc in St. Louis, MO Residential and Commercial Title

We’re fast.

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Title Resources, Inc in St. Louis, MO Residential and Commercial Title

We’re experienced.

Overall, we're motivated to assist our customers in any way possible and take pride in our expertise.

Title Resources, Inc in St. Louis, MO Residential and Commercial Title

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