An Introduction to Quitclaim Deeds (and When You Need One)

Have you heard the term “quitclaim” recently, but aren’t sure what it means? If you’re currently transferring property to your spouse or a family member, you’ve probably heard a lot about quitclaim deeds. Quitclaim deeds allow ownership of a property to be quickly and efficiently transferred, without the home needing to be sold. There isn’t any money involved in this kind of transaction. This is different from a warranty deed, which is more commonly used in real estate transactions. Typically, if you’re looking to transfer property to a family member, this is when a quitclaim deed would come into play. To learn more about transferring property and the deeds involved in the process, contact us today.