Chelsea, New York
233 West 14th Street
New York, NY 10011
(212) 633-2200

An Overview of Quitclaim Deeds & When You Might Need One April 5, 2018

Chelsea, Manhattan
An Overview of Quitclaim Deeds & When You Might Need One, Manhattan, New York

Real estate can be complex, with many former owners, lien holders, and other people all having a valid claim to the same property. In most cases, sellers will have to provide a warranty deed, protecting the buyer from any defects in the title that might emerge later. A quitclaim deed, on the other hand, can be a helpful tool for transferring ownership quickly and easily. Before filing, it’s important to understand its features and when they might be most useful.

Transferring Ownership Without Warranty

quitclaim deedA quitclaim deed is a fast and easy way to transfer your ownership of a piece of property to someone else. However, unlike other types of legal instruments, it doesn’t provide any protection for the buyer if another claim emerges later. So, if you’ve acquired a house this way, only to find out that the county has a tax lien against the property, you won’t have any legal recourse against the seller.

When Quitclaim Deeds Are Useful

While quitclaim deeds may not be the best choice when selling a house, they can help in a variety of other situations. For instance, if you’re surrendering your right to your home as part of a divorce settlement, filing the document can spare a great deal of time and money. It can also be used to settle competing claims on the property. Once the other parties have supplied these papers, you can then file for a warranty deed with additional protections.

 

Whether you’re filing for divorce or need help preparing a quitclaim deed, the legal document preparation experts at We The People of NY can help make the process faster and easier. They’ve been helping New Yorkers in and around Manhattan for over 25 years, earning a reputation for fast service and pinpoint accuracy. Visit their website or call (212) 633-2200 to schedule an appointment, follow their Twitter for more tips and advice, or drop by their storefront on W. 14th St. anytime.

Other Announcements, Events and Deals from We The People of NY
Understanding the Difference Between Legal Separation & Divorce, Manhattan, New York
If you’ve thought about filing for legal separation or divorce, it’s best to learn the key differences between the two before arriving to a final decision. The best approac...read more
4 FAQ About Name Changes, Manhattan, New York
You may decide to revert to your maiden name after your divorce, adjust your adopted child's name, or revise the spelling of your name. Whatever your reason, a name ch...read more
Why Choose A Legal Document Preparer Over A Lawyer When Filing for Divorce, Manhattan, New York
Many couples find they can devise the terms of their divorce or separation agreement without turning to the courts or consulting attorneys at all. Since filing for divorce calls for ...read more
What Are the Consequences of Not Having a Will? , Manhattan, New York
One of the most significant legal documents an individual can prepare is a will. This important document allows you to entrust your assets and property to your loved ones. In the eve...read more
What Legal Documents Do You Need When Filing for Divorce?, Manhattan, New York
Filing for divorce takes more than a single signature on a piece of paper. You and your spouse will have to provide the court with certain legal documents. Knowing the paperwork invo...read more