Quick Deed Vs Warranty Deed In Washington
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This process involves completing specific documentation, such as the title deed, and submitting it to the Washington State Department of Licensing. The new owner gains all rights and responsibilities associated with the property once the transfer is recorded.
The safest type of deed is a warranty deed, which gives complete assurance that the grantor has every legal right to grant ownership to the grantee. On the other hand, a quitclaim deed transfers ownership without any legal guarantee or warrants that there are no encumbrances or liens on the property.
In Washington, the requirements for a Warranty deed are simple: it must be in writing, contain a legal description of the property, be signed by the grantor, and the grantor's signature must be notarized.
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.
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.
How to fill out the Quit Claim Deed Instructions for Washington State? Download the Quit Claim Deed form. Fill in the names of all parties involved. Provide a complete description of the property. Enter the county and state information accurately. Review and print the completed document.
This is because a quitclaim deed offers the lowest level of protection. When writing a quitclaim deed, the grantor isn't offering any protection or warranty to the grantee.
