Glossary/Estate Planning Terms
Thursday, January 27, 2011
Frequently Asked Question
1. What is the difference between a quitclaim and a warranty deed?
A quitclaim deed conveys only whatever interest the grantor has in the property, without
making warranties about rights that other people may have in the property. It is usually used
when granting land between two people that are well acquainted, such as between divorcing
spouses or family members. In contrast, a warranty deed conveys title to a grantee with a
guarantee of good clear title to the property free from any interests held by other people.
Rene and Tammy Bojorquez
Share to Twitter
Share to Facebook
Share to Pinterest
Post a Comment
Post Comments (Atom)