Should I use a quit claim deed or a warranty deed?

dsaintmarten · Joined: 25 Jan 2008 Posts: 1 1.29 Dollars($)

I just want to transfer one of my properties to my daughter. I do not have a mortgage... I known the property free and clear.

gmakerley · Posted: Fri Jan 25, 2008 10:02 am Post subject:

truly, you are well-advised to seek legal counsel; but the quick and easy answer is that using a quit-claim deed is easier for you.

jheard · Posted: Sat Jan 26, 2008 9:52 am Post subject:

I recommend against using a quitclaim deed in this situation although it should work. I believe a better practice is to use a Grant Deed.

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi Dsaintmarten,

I think as you are transferring the property within the family it is good enough to use a quitclaim deed. You can even use a Warranty deed as the title is clear from any kind of liens but people mostly prefer a Warranty deed when they selling or buying a property.

If you want to know more about quitclaim deed, check out this article at http://www.mortgagefit.com/quitclaim-deed.html

Feel free to ask if you have any further questions.

Best of luck.
Larry

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