Why would someone do a quit claim deed?

Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.

Should I buy a house with a quitclaim deed?

Unlike a general warranty deed, there's no guarantee made as to the ownership. There's no title search completed and no title insurance issued. Lenders wouldn't accept a quitclaim deed being used to purchase a property.

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Arizona Quitclam Deed from an Individual to an Individual and Husband...

Arizona Quitclam Deed from an Individual to an Individual and Husband and Wife.

Name: Arizona Quitclam Deed from an Individual to an Individual and Husband and Wife.
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.76 (467 reviews)

Category:

Arizona Real Estate - Deeds - Quitclaims

State:

Arizona

Control #:

AZ-079-77

Format:

Instant download

Description

This form is a Quitclaim Deed from an individual Grantor to an individual, and husband and wife, Grantees. Grantor conveys and quitclaims the described property to the Grantees. This deed complies with all state statutory laws.

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FAQ

Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.

Unlike a general warranty deed, there's no guarantee made as to the ownership. There's no title search completed and no title insurance issued. Lenders wouldn't accept a quitclaim deed being used to purchase a property.

A quitclaim deed transfers title but makes no promises at all about the owner's title.A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.

The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.

A quitclaim deed is quick and easy because it transfers all of one person's interest in the property to another.The deed transfers all claims the seller has to the property, if any. If the seller has no interest in the real estate, no interest is transferred.

Quitclaim Does Not Release Debts Signing a quitclaim deed and giving up all rights to the property doesn't release you from any financial obligations you may have. It only removes you from the title, not from the mortgage, and you are still responsible for making payments.

Fill in the deed form. Print it out. Sign and get the signature(s) notarized. Prepare and sign an Affidavit of Property Value, if required. Check the recording fees in your county. Record the document at the county recorder's office.

Arizona Quitclam Deed from an Individual to an Individual and Husband and Wife.

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FAQ

Why would someone do a quit claim deed?

Should I buy a house with a quitclaim deed?

Does a quitclaim deed give you ownership?

What are the disadvantages of a quit claim deed?

Are there any benefits to using a quitclaim deed?

Does a quitclaim deed release financial responsibility?

How do you fill out a quit claim deed in Arizona?

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