Quit Claim Deed?

“I think I need a Quick Claim Deed”

I get many inquiries on this topic.  People want to transfer property without consideration (i.e.  no money is changing hands) for many different reasons.  A couple has gotten divorced, and one of the parties gets the home;  a parent dies, and remaining child(ren) want the house deeded to them;  an elderly parent wants to transfer their home to a child or grandchild;  the owner of a rental property wants to transfer ownership to a company they own.

The actual term is Quit Claim Deed.  With this type of transfer, you are giving the other person whatever rights you may have in a property, and subject to any liens or title defects that may affect the property.  The only thing that changes is ownership.  If there was a mortgage before, there is still a mortgage attached to the property.  If there was a lawsuit against a prior owner that affects the property, it still affects the property.  There are no warranties as to the title.