This form is an Authority to Release. The county clerk is authorized and requested to release from a deed of trust a parcel of land to the executor of the estate. The form must be signed in the presence of a notary public.
Warranty Deed Vs Quitclaim Deed For Gift In Broward
State:
Multi-State
County:
Broward
Control #:
US-00186
Format:
Word;
Rich Text
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FAQ
The General Warranty Deed is the deed most used in insuring titles to real property and gives the most protection to the Grantee.
A person can file a quitclaim deed by (1) entering the relevant information on a quitclaim deed form, (2) signing the deed with two witnesses and a notary, and (3) recording the deed at the county comptroller's office. In Florida, quitclaim deeds must have the name and address of both the grantor and the grantee.
A warranty deed promises that the grantor holds good, clear title to a piece of real estate. It promises also that the grantor has the right and authority right to sell it to the grantee or buyer. A quitclaim deed, on the other hand, makes no promises about the quality of the title to the property.
A warranty deed does not prove ownership of property in Florida. The only way to ensure ownership is through a title search, which examines public records for any issues that could affect the ownership.
In Florida, quitclaim deeds are most often used to transfer property to one's family or a family LLC or estate planning trust.
Because of the lack of title guarantees, quitclaim deeds are most often used to transfer property between two parties who know and trust each other, such as family members.
Does a quitclaim deed give you ownership? A quitclaim deed transfers ownership of the property if the person signing the quitclaim deed has good title to the property. The quitclaim deed cannot transfer any greater title or interest than the grantor has prior to transfer.
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While Quitclaim Deeds can only transfer real property, Gift Deeds can also transfer money and personal property. With a quitclaim deed, the grantor is saying that they are transferring to the grantee any interest they currently have in the property.A Florida quitclaim deed is most similar to the fee simple deed. A Quitclaim Deed transfers whatever interest the grantor has in the property without any guarantees. A quitclaim deed renounces one's ownership of a property, while a Lady Bird deed automatically passes property from a deceased owner to a beneficiary. A quitclaim deed is typically used to transfer ownership of coowned property to one of the owners; but, it can be used to transfer ownership to a nonowner. Unlike warranty deeds, quitclaim deeds offer zero buyer protection. A warranty deed does guarantee that the grantor has clear title to said property. A quitclaim deed is typically used to transfer ownership of coowned property to one of the owners; but, it can be used to transfer ownership to a nonowner. A Warranty Deed guarantees that the grantor (seller) legally owns the property and has the right to transfer it.