I am very frequently asked what direction the real estate market and interest rates are headed. I always start out by saying, "I cannot predict the future"...and that's 100% true. If I could I'

Dated: September 9 2022
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When transferring ownership of real estate, you need a deed to make the transaction official. A quitclaim deed is a type of deed used to transfer the title of a property in a faster, yet higher risk way, and is usually done between two people who trust one another.
In a quitclaim deed it transfers the title of a property from one person to another, with little to no buyer protection. The grantor (person giving away the property), gives their current deed to the grantee ( person receiving the property). The title is transferred to the grantee without any amendments or additions. For example; the grantor has what one would call a "bad" title but regardless of the "bad" title the grantee receives the title as-is. No changes or action will be taken to fix the "bad" title before the grantee receives it.
In a Quitclaim deed no money is involved and the grantor is simply transferring ownership of the property to the grantee. It is important to recognize that a quitclaim deed impacts only the ownership of the house and the name on the property deed or title, not the mortgage.
One of the biggest benefits to using a quitclaim deed is the fact that it's faster and avoids title search or title insurance.
When to use a Quitclaim Deed
I am very frequently asked what direction the real estate market and interest rates are headed. I always start out by saying, "I cannot predict the future"...and that's 100% true. If I could I'
The 4 Common like-kind 1031 Exchanges for InvestorsThere are 4 common like-kind exchanges. Below is a break down of each one and how they differ. Delayed Exchange- This is the most commonly
What is a 1031 Exchange?Real estate investors have used 1031 Exchanges as part of their investment strategy for decades. A 1031 exchange is a swap of one real estate investment property for another
When transferring ownership of real estate, you need a deed to make the transaction official. A quitclaim deed is a type of deed used to transfer the title of a property in a faster, yet higher risk