Quit Claim Deeds
Do you need to transfer your property to a family member? Or have you just started a new business and want to move the property to your LLC? If so, you will most likely need a quit claim deed, or QCD. Life brings changes, and with it, the ownership of your property may need to change as well, and that's where a QCD comes in. A quit claim deed is simply the transfer of interest in a property from one party to another. The person transferring their interest is called the "grantor," while the person taking the interest in the property is called the "grantee." The grantor ends, or "quits," their claim to the property, allowing the grantee to take over. While a QCD is one of the easiest ways to transfer property, it is important to note that there are no warranties of title transferred with this deed. A quit claim deed does not normally occur when there is a buyer and seller and when money changes hands. These deeds also do not guarantee that t...