Quitclaim Deed Hide Checkmark For Free

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.

If you draw up a valid quit claim deed and record it, you cannot "reverse" the transfer of property interest unless you prove to a court that it resulted from fraud or other illegal influence.

Be sure of your intent before executing a quitclaim deed, as the only way to revoke one is to create another to take its place.To revoke the original quitclaim deed, you need the cooperation of the current grantor. A grantee cannot initiate and execute a new quitclaim deed on her own.

Quitclaim deeds are part of public record. This means anyone who wants a copy can obtain one. One way to get a copy of this type of deed is to visit your local county recorder's office.

The biggest risk to using a quitclaim deed is that there are no guarantees of actual ownership, so you might not actually have a legal right to own the property. In a worst-case scenario, a grantor could transfer the property title to you and lie about being the true owner.

Assuming it has been properly completed and filed, a quitclaim deed is a legal document that transfers complete ownership rights to a sole owner in a property that was previously co-owned.Standard quitclaim forms for use in California can be procured online or at many office superstores.

Taxes. Quitclaim deeds do not rid the grantor of tax obligations. If the grantor owes taxes from the period during which they legally owned the property, those taxes must be paid prior to the transaction.The grantor no longer is obligated to pay future taxes on the property.