Filed under Quit Claim Deeds, Why Use a Quit Claim Deed?
Using a quit claim deed is ideal when a party desires to transfer part or all of a piece of real estate between trusted parties, who generally know each other well or are related. Under these circumstances, the protections and processes used for other types of deeds are often unnecessary. Instead, a more simple, less costly approach to transferring title is generally preferred. There is no need for the protections of a warranty deed, and is little need for legal or title advice from real estate lawyers, title companies, escrow companies, and the like. A quitclaim deed is generally used to transfer title from owners into a trust from whatever form of title vesting was held previously, e.g., joint tenancy, individual ownership, community property, etc. The same parties retain control, but they now control the trust, which controls the property, rather than controlling the property directly. Obviously, there is no need for warranties or protections against ones self, so using a quitclaim
