What is a deed of quitclaim?

A deed of quitclaim is a legal document in North Carolina that transfers a person’s right or title to a piece of real estate. It can be used to transfer full ownership, transfer partial ownership, or remove a person’s ownership interest in a property. This type of document differs from a warranty deed in that it does not guarantee that the person transferring the ownership is actually the rightful owner of the property. When a deed of quitclaim is used to transfer full ownership, it is important to ensure that the title holder has the right to make this transfer. This means double-checking the chain of title to make sure all previous transfers were done in a legal manner and the title has been properly assigned to the current title holder. In North Carolina, it is also necessary to make sure that the deed of quitclaim is signed and notarized before it is filed with the Register of Deeds. It is important to note that the person transferring the property with a deed of quitclaim is not obligated to provide information on the property’s condition or its title status. This means that the new owner may still need to purchase title insurance to protect against defects in the title. In short, a deed of quitclaim is a legal document in North Carolina used to transfer ownership rights in a piece of real estate. It does not guarantee that the transferor is the rightful owner of the property, or that there are no liens or other issues with the title. It is important to ensure that all necessary documents are properly signed and notarized, and new owners may want to consider purchasing title insurance to protect their interest in the property.

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What is a deed of quitclaim?

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