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What are the most common types of deeds? Quitclaim Deed. Deed of Trust. Warranty Deed. Grant Deed. Bargain and Sale Deed. Mortgage Deed.
Types (4) Deed of Trust ? Transfers property interest to a third party as security for a loan. ... General Warranty Deed ? Gives the grantee the assurance that the property title has no encumbrances or liens. Quit Claim Deed ? A legal document that transfers property without any guarantees on the title being free of claims.
Recording ? The quitclaim deed must be filed at the County Recorder's Office (See County List) in the jurisdiction of the real estate. Signing (§ 55-805) ? A quitclaim deed must be signed with the Grantor(s) in front of a notary public.
Idaho does not offer a statutory form for a deed. Common deeds in this state are the warranty deed and quitclaim deed. A warranty deed includes covenants of title while a quitclaim deed does not. Any person, whether citizen or alien, can take, hold, and dispose of real or personal property in Idaho (55-103).
In a quitclaim deed, the rights of one party pass to another party, called the grantor and grantee, respectively. As a spouse, you give up your interest in the property when you sign a quitclaim deed. This means that you no longer have a legal right to it.