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2007-03-12 13:52:22 · 5 answers · asked by Thomas E. S 1 in Business & Finance Renting & Real Estate

5 answers

All 4 previous answers are wrong, performing a quick claim to deed adds one to title. The Quit claim deed removes one from title. It is more common to transfer title and remove lienholders through the quit claim process, but adding a spouse or another party to title while remaining on title yourself is performed by a quick claim to deed process. This used to be simply referred to years ago as the quick claim deed. Today it is performed by ammending the existing deed to add another party. It was likely used less and faded away from mainstream knowledge when more and more states became community property states. Title can be vested still as a sole and seperate estate even in a community property state. Title vesting is determined during the escrow process. One could quick claim a sole heir to a property for example to avoid inheritance taxes or probate issues.

2007-03-12 20:13:45 · answer #1 · answered by Myron 4 · 4 1

No such thing. There is however a Quit claim deed which is the lowest form of conveyance there is. It's a deed that says I hereby grant you all my rights of ownership, if any, in the herein described property. So if you don't have any interest in the property you don't convey any interest. It also lacks any warranty on the conveyance if any. Often used to sell the Brooklyn Bridge lol
As to Myron's answer below, he needs to consult with someone who knows what they are talking about before he answers

2007-03-12 13:58:00 · answer #2 · answered by newmexicorealestateforms 6 · 0 0

It isn't quick claim. It is quit claim. It is a deed in which one person who has claim to a property signs his rights over to another person who also has claim. It is often used in divorces.

2007-03-12 13:57:00 · answer #3 · answered by Alicia 5 · 1 0

it's actually called a quit claim deed and what it is is when someone gives up their claim to property. parents sometimes do this when they want to give property to their children.

2007-03-12 14:01:22 · answer #4 · answered by ann l 1 · 0 0

I think you're referring to a quitclaim deed, which is a deed where someone relinquishes their interest in a property (if any), without warranty, to another party.

2007-03-12 13:55:27 · answer #5 · answered by SndChaser 5 · 1 0

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