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.
Deed Without Warranty Vs Quitclaim Deed In Palm Beach
State:
Multi-State
County:
Palm Beach
Control #:
US-00186
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Word;
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FAQ
Quitclaim Deeds: Quitclaim Deeds are used to transfer property ownership without any warranties regarding the title. This means the grantor isn't guaranteeing anything, even that they own the property, or that the title is clear.
You do not have to be an attorney to prepare a Florida quitclaim deed. Absent attorney fees, your costs would only be the recording fees that the county comptroller charges and transfer fees if the property is mortgaged.
Quitclaim Deed The grantor is not promising anything other than that they are giving up their own rights, if any. There are no implied warranties in connection with a quitclaim deed. This type of deed guarantees nothing and there is no expressed or implied warranty that grantor owns the property or any interest in it.
Common uses – Typically, quitclaim deeds are used for lower-risk transfers between related parties. In contrast, warranty deeds are used for real estate sales and high-value transactions involving unrelated grantees.
General warranty deeds: A general warranty deed provides the most protection to the buyer but gives the grantor the highest degree of liability. The grantor of a general warranty deed fully warrants good, clear title to the property.
It is common for property sales to use a quitclaim deed and protect the buyer through contract law. However, another way to handle this is with a warranty deed.
No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.
General warranty deeds give the grantee the most legal protection, while special warranty deeds give the grantee more limited protection. A quitclaim deed gives the grantee the least protection under the law.
It's safer to use a warranty deed any time you are not entirely sure of your or someone else's ownership stake in any property. If you are transferring a property to your child or to a revocable trust agreement as part of an estate plan, then a quitclaim deed could do the trick.
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Lastly, a quitclaim deed gives no warranties to the buyer. A quitclaim deed releases whatever interest the grantor may have, if any, in the subject property.Unlike warranty and special warranty deeds, a quitclaim deed makes no promises regarding title to the 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 quit claim deed transfers title to real estate without providing any guaranty of the grantor's title. This is because a quitclaim deed contains no guarantees or warranties at all. Perhaps the riskiest deed to receive is the quitclaim deed. Unlike warranty and special warranty deeds, a quitclaim deed makes no promises regarding title to the property. With a quitclaim deed, the grantee has no recourse if someone with a lien shows up. And, most importantly, it does not guarantee that there are no claims against the property.