Found 2 blog entries tagged as deed.

Real Estate Word of the Day: Quitclaim Deed

A quitclaim deed is a legal document used to transfer ownership or interest in a property from one person (the grantor) to another (the grantee). Unlike other types of deeds, such as warranty deeds, a quitclaim deed offers no guarantees or warranties about the property's title. Essentially, the grantor "quits" their claim to the property, transferring whatever interest they may have without making any promises about the validity of the title.

The most defining characteristic of a quitclaim deed is that it makes no warranties or promises about the property's title. This means the grantee receives only the interest the grantor had at the time of the transfer, which could be none. Quitclaim deeds are…

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Real Estate Word of the Day: Deed

A deed is a legal document that transfers ownership of a property from one party to another. It serves as undeniable proof that a property's ownership has changed hands and outlines the terms and conditions of the transfer. The act of transferring a deed is often referred to as conveying the property. Deeds might seem like a mere piece of paper, but they are the foundation upon which real estate transactions and ownership rights are built. Whether you're a seasoned real estate investor or a first-time homebuyer, understanding deeds is essential for a successful and secure property transaction.


Why Deeds Matter
Deeds are the primary means of establishing ownership. They provide concrete evidence that you have…

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