The Real Estate Encyclopedia
Quitclaim Deed
Category - Real Estate Glossary - Real Estate Terminology

1.  A legal document which transfers any ownership an individual has in a piece of property often used when the amount of ownership is not known or is unclear.

2.  A quitclaim deed is a deed that transfers whatever ownership interest the transferor has in a particular property without guarantee about what is being transferred. For example, a divorcing husband may quitclaim his interest in certain real estate to his ex-wife, officially giving up any legal interest in the property.



References
 
Category(s)
Real Estate Glossary - Real Estate Terminology
[edit]
Home   |   About Us   |   Contact Us   |   Patrons   |   FAQ's   |   Site Map
© 2008 - All Rights Reserved.
Thank you for visiting Real Estate Wiki - the leading dictionary, directory, encyclopedia and glossary for the real estate and mortgage industries .