What is a quit claim deed?

A quit claim deed is a legal document that is used to transfer ownership of residential real estate. It is used in North Carolina when someone wants to transfer ownership of a piece of property from one person to another. It is a simple form of deed that does not provide any warranties or guarantees as to the title of the property, meaning that the person receiving the property is not promised that they are receiving clear and full title. The quit claim deed simply transfers whatever interest or title the owner had in the real estate to the person receiving the deed. It does not guarantee that the title is free and clear of any claims that others may have on the property. The quit claim deed is used when the seller is not sure of the title or wants to transfer their interest in the property quickly. It is important to remember that the quit claim deed does not provide any warranties of title, so it is up to the person receiving the property to get adequate title insurance.

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What is a quit claim deed?

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