What is a quit claim deed?

A quit claim deed is a legal document used in residential real estate law that transfers the rights to a particular piece of property from one person to another. In Massachusetts, it is typically used when one party is transferring the ownership of property to another party without any warranties or promises of the condition of the property whatsoever. The person who is transferring ownership (the grantor) will typically sign the quit claim deed and turn it over to the person receiving ownership (the grantee). The document will include the name of the grantor, the name of the grantee, the legal description of the property (including the address), and the date of the transfer. Once the grantee receives the quit claim deed, it is filed with the Registry of Deeds in the county where the property is located. The property will then be officially transferred to the grantee, giving them the sole rights and title to the property. Importantly, the grantee does not receive any warranties or promises from the grantor as to the condition of the property. Overall, a quit claim deed is a legal document that is used to transfer the rights to a particular piece of property from one person to another. In Massachusetts, it is often used to transfer the title of a property without any warranties from the grantor. Once the quit claim deed is filed with the appropriate county, the title is transferred and the grantee has the sole rights and title to the property.

Related FAQs

What is an assignable mortgage?
What do I need to know about landlord-tenant laws?
What options do I have if I'm facing foreclosure?
What is the difference between a title search and a title insurance policy?
What is the difference between a buyer’s and a seller’s agent?
What happens if I breach a contract?
What is the difference between a lien and a mortgage?
What can I do if I'm the victim of predatory lending?
What is a real estate lawyer's role in a real estate transaction?
What is the difference between an owner-financed loan and a conventional loan?

What is a quit claim deed?

Related FAQs

Related Blog Posts