Deed Preparation

Warranty Deed 

There are several ways to transfer real estate title. A warranty real estate deed transfer is the most common type of deed used when properly is sold to a third party in a typical real estate transaction.  A warranty deed promises that the person transferring the property has good title to it and the right to sell it. It includes protections for the buyer, such as compensation if there is anyone else who holds superior title to the property. This type of deed promises that there are no liens on the property such as a mortgage, tax lien, or creditor’s liens. During a typical closing a warranty deed is executed, a title search is conducted to verify the seller has good title. Title insurance is usually purchased as part of the sale to protect the new owner if there is a problem. 

Quit Claim deed

If you’re seeking to transfer ownership of property, a quitclaim deed is a fast and easy method but it’s only recommended in certain circumstances. Quitclaim deeds are most used when property is transferred without a traditional sale.

 Examples include:

* When property is transferred between family members 
* Between married spouses 
* Between divorcing spouses 
* When property is being transferred into a living trust
* When property is being transferred to a new entity name owned by the same individuals 

The deed transfer is done simply and there is no title search or title insurance used. It is fast and easy. Quitclaim deeds are not used for real estate sales, because the new owner receives no guarantees about the title and how valid it is. To find out what is needed to prepare a quit claim deed please contact the office or email [email protected]