Quit Claim Deed Help Guides

What is a security interest?
A security interest is an interest in property—real estate or otherwise—that secures repayment of a debt or performance of some other obligation. If the party that grants the security interest fails to fulfill its obligation, then the holder of the security interest can normally take possession of the asset in question and sell it in order to recoup...
How to Effectively Use LLCs in a Property Rental Business
Using a limited liability company for a rental property business is one of the better decisions you could make. If you rent property in your name, you could be held liable if someone gets hurt. However, if someone falls and decides to sue the landlord, and your LLC is the landlord, then the person suing may only go after the LLC's assets—not your pe...
Right of Survivorship: Everything You Need to Know
There are many things you should consider when you are purchasing property with another person. One of these things is called the right of survivorship. Right of survivorship can impact what happens to a property if one of the owners passes away before the other one. It is important to understand how this right works and how it can impact various fa...
5 Important Facts about Quit Claim Deeds
Deeds are legal instruments used to transfer real estate, and almost everyone will encounter a deed of some sort at one time or another. There are three main types of deeds: General warranty deeds Special warranty deeds Quit claim deeds The......
The Documents You Need to Buy a New Home
Purchasing your first home can be an extremely intimidating process. You are confronted by many terms that you may not understand, and you may not realize how many necessary steps there are in the process. To make matters worse, everyone else,......
What You Need to Know about Deeds and Property Transfer
Real estate in the United States has a long history of being extremely valuable. Owning land was only for the wealthiest individuals in the early years of U.S. history. Unlike property that can move (possession is nine-tenths of the law after......
How New Lending Requirements Better Protect Homebuyers
In 2008, the Federal Reserve adopted a new Truth in Lending Act and then updated the act in 2010 with the Dodd-Frank Wall Street Reform and Consumer Protection Act (or Dodd-Frank Act for short). These acts were adopted to set up a system of......
What Type of Deed Should I Use: General, Special, or Quit Claim Deed?
Differences between the Deeds General Warranty Deed A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the......
How Do Quit Claim Deeds Work?
Quit claim deeds are used for quickly and easily transferring titles to real estate to a new owner. Often, quit claim deeds are used when the property is not being sold but is merely being transferred between friends or family members. The......
When to Use a Quit Claim Deed
What Is a Quit Claim Deed? A deed is a legal document that substantiates an individual’s right to the title of a specific piece of property or real estate. Deeds are commonly used in the process of buying and selling real estate to secure and......