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2006-09-16 06:24:04 · 5 answers · asked by updnmn2003 1 in Business & Finance Renting & Real Estate

deed was made out last year as divorce agreement and held by her for payment

2006-09-16 06:47:53 · update #1

5 answers

do you mean "quick" claim deed?

ADDITION,,,, ohh bean town boy,,excuse me,, i did not realize you are so serious as to not understand the "quick" pun,,,, its basically what it is,,, simple and very quick..... as you know, if you have been thru the process.
- lighten up,... life is not that serious,,,,, doofus-


it will be done with both parties involved, in front of a public notary as witness... and finalized with the registry of deeds

2006-09-16 06:33:13 · answer #1 · answered by steelmadison 4 · 0 1

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“Quit Claim Deed Definition, How Quit Claim Deeds Are Used”
Glossary

by Janet Wickell

Definition: A quit claim deed is a type of deed where a grantor, a person who owns an interest in a property, transfers all his interests to someone else. The grantor offers no guarantees about the title to the recipient, who is called the grantee.
A quit claim deed is often used to clear up problems with a title or when someone wants to use a simple method to give up all interests in a property.


Quit Claim Deed Uses
Mary inherited a property and shares ownership with her brothers and sisters. Mary sells her share to her brother and uses a quit claim deed to transfer all of her rights in the property to him.

A couple divorces. The husband uses a quit claim deed to transfer all of his ownership rights in a property to his wife.

During a title search the researcher finds out that, because of an error, a previous owner never relinquished his rights to a property.
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That puts a "cloud" or "defect" on the title, two terms that indicate the current owner isn't the only person with ownership rights in the property. The mistake is corrected by asking the previous owner to sign a quit claim deed that transfers all rights in the property to the current owner.

Quit Claim Limitations
A quit claim transfers only the rights of the person signing the deed. It does not guarantee that other people don't have an interest in the property. If there are other owners, their ownership is not affected by the quit claim.

2006-09-16 13:33:48 · answer #2 · answered by KIT-KAT 5 · 0 0

A Quit Claim Deed is official when it's notarized and taken to the Clerk of Court and is recorded, and not before. Some counties, depending where you are, will take a few days to record and get them back to you, so remember if you want it official, take it to the Court House asap. In my State and County, they will record it immediately.

2006-09-16 13:32:46 · answer #3 · answered by skyeblue 5 · 0 0

It's official when it's recorded with the approriate Registrar of Deeds.

Ignore the d00b that referred to it as a "quick" claim deed. Quitclaim is the proper term.

2006-09-16 14:10:59 · answer #4 · answered by Bostonian In MO 7 · 0 0

Simple, when signed! However it's not enforceable until it is recorded with local government and added to the public record...

2006-09-16 14:45:06 · answer #5 · answered by Joe_Ballarino 3 · 0 0

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