Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

quick claim deed

Author Message
alleyangel

Guest







Post Posted: Tue Feb 07, 2012 3:48 pm    Post subject: quick claim deed
Like 0
Dislike 0

what if i dont have one of the i just have a deed that gave me the propety when he died
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10562
Location: ALASKA
1089.18 Dollars($)
Post Posted: Tue Feb 07, 2012 9:29 pm    Post subject:
Like 0
Dislike 0

Welcome alleyangel,

Your query is not clear to me. Please post your query in details so that members participating here can help you with some suggestions.

_________________
Procrastination is the enemy of your financial success
Icon Mini Profile smnthaking
smnthaking




Joined: 03 Feb 2012

Posts: 58

10.15 Dollars($)
Post Posted: Wed Feb 08, 2012 1:38 am    Post subject:
Like 0
Dislike 0

There is an important limitation to the quitclaim deed. Because it only transfers the rights that the grantor has in the property, it does not guarantee that the property is the grantee's outright. If others with an interest in the property have not signed the deed, then their rights are unaffected by this document — they still retain their ownership. In most cases, the signed quitclaim deed is a simple and effective way to give up all interest in a property. Idea
_________________
Home loans | Equity loan
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor

best lender badge

Joined: 09 Nov 2007

Posts: 12376
Location: bloomfield, ct
58.49 Dollars($)
Post Posted: Wed Feb 08, 2012 1:01 pm    Post subject:
Like 0
Dislike 0

The previous post is correct, if insufficient to explain to everyone what's entailed in a quit claim deed.

Anyone taking title by way of a quit claim deed must make it a point to learn precisely what percentage of ownership is being conveyed. Not only that, but the engagement of legal counsel is essential to ensure that the change in title is real as well as accurate.

Quit claim deeds are not for the common person; they are a specialized type of deed that is best used only by those who know precisely what it is they're trying to accomplish.

_________________
George M. Akerley
Mortgage Underwriter/Consultant
Word of Excellence- Writing/Editing/Proofreading
860-221-5044
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.067 seconds.