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Usage varies by state, and in Massachusetts quitclaim deeds include statutory warranties (similar to “special warranty deeds” in other states) and are the norm rather than the exception. [12] Execution of a quitclaim deed is relatively simple, and may require little more than the signature of the parties.
For example, purchasers of the land from the record title holder who pay valuable consideration and have no knowledge of unrecorded mortgages will be protected against those mortgages by the courts. All of this flows from the statement in most recording statutes that the unrecorded instruments are void against such purchasers.
A quitclaim deed, sometimes referred to as a non-warranty deed, is a document used to transfer interest in a property. Common terms utilized alongside quitclaim deeds are "grantor" and "grantee."
1. If O conveys property she doesn't own to A by warranty deed, but O later acquires title to that land, then title immediately passes to A.. 2. However, if, as above, O conveys property she doesn't own to A by warranty deed, but O later acquires title to that land, A may elect to treat O's lack of title at the time of the conveyance as a breach of the covenants of seisin and right to convey ...
Using forged signatures on fraudulent quitclaim deeds, the couple claimed ownership of at least three properties in the Tampa area. Both Cherry and Rodriguez were arrested and charged with ...
"Because of this lack of warranty, quitclaim deeds are most often used to transfer property between family members, as gifts, placing personal property into a business entity (and vice versa) or in other special or unique circumstances.[citation needed] Quitclaim deeds are rarely used to transfer property from seller to buyer in a traditional ...
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