By Trisha Applegate
A quit claim deed conveys or transfers whatever interest the Grantor (the person making the deed) has in the property, without making warranties about rights that other people may have in the property. It is usually used when granting land between two people who are well acquainted, such as between divorcing spouses or family members or to transfer your real property into a Trust.
In contrast, a warranty deed conveys title to a Grantee with a guarantee of good clear title to the property free from any interests held by other people. Warranty deeds are the traditional form of deed used in residential home sales between unrelated parties, as it provides a degree of protection to purchasers that the quit claim deed does not offer.
Want to know more? Why don't you call to attend one of our seminars!