Quit Claim Deeds
Avoid common blunders and title problems created by using generic office supply store forms or online forms! You can order a low cost, professionally prepared, and expedited Florida Quit Claim Deed from us.
What is the difference between a Quit Claim Deed and a Warranty Deed?
What is quit claim deed? A quit claim deed is an instrument used by a grantor to relinquish the grantor’s interest in real estate, in favor of a specified grantee. The quit claim deed is an instrument that does not come with any warranties of title, and should the grantor not possess title in the property attempting to be conveyed, or should there be a title defect, then the grantee acquires either nothing or the property subject to the cloud on title. In any event, the grantee will have no recourse against the grantor under the quit claim deed. For the reasons stated, the quit claim deed is an instrument best used to deed oneself out of the title to property, or as a curative instrument to clear a title defect, but not an instrument by which a grantee should acquire title to real property.
Important limitations and problems with quit claim deeds: The conveyance by quit claim deed is not insurable as part of a closing transaction. Additionally, a grantor of property who conveys the property via quit claim deed, loses the benefit of any Owner’s Title insurance that the grantor may possess. By way of example, if the grantor conveys real property to her son via a quit claim deed, any prior liens, encumbrances and other clouds on title would no longer be insured.
The Closing Company, Inc. can assist you in preparing a professional document that can be recorded in public records. Turnaround time varies, but averages 3-5 business days and can be electronically recorded for an additional fee for expedited services.
Avoid common blunders and title problems created by using generic office supply store forms or online forms! You can order a low cost, professionally prepared, and expedited Florida Quit Claim Deed from us.
Frequently asked questions and answers about Florida Quit Claim Deeds
An instrument of conveyance commonly known as a “title transfer” of real property that passes any title, claim, or interest that the grantor has in the premises, but does not make any representations or guarantee the validity of such title.
No. Over the years, people started identifying a Quit Claim Deed as a Quick Claim Deed, most likely because it is actually a fast way to transfer title!
The office supply or online versions often miss critical information that is required by Florida statute i.e. marital status, folio number, or non-homestead language. We ask all the questions needed to professionally prepare your Quit Claim Deed in a legally acceptable manner as per Florida law.
The only person(s) that need to sign the Quit Claim Deed are the people being removed from the title.
Yes, it will need to be notarized by a U.S. Notary and witnessed by two people (one of the two witnesses can be the notary). If you are outside of the U.S., you will need to visit a U.S. embassy or consulate.
Both the old and new owners need to consult with a tax advisor or CPA before taking title. We do not provide tax or legal advice.