![]() ![]() We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.Įditorial policy, so you can trust that our content is honest and accurate. Our experts have been helping you master your money for over four decades. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. ![]() Our editorial team does not receive direct compensation from our advertisers.īankrate’s editorial team writes on behalf of YOU – the reader. We maintain a firewall between our advertisers and our editorial team. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We do not include the universe of companies or financial offers that may be available to you.īankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. But this compensation does not influence the information we publish, or the reviews that you see on this site. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. The offers that appear on this site are from companies that compensate us. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.īankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. If a quitclaim deed does not have any of these prerequisites, it will be deemed deficient and may not transfer title as intended by the parties.We are an independent, advertising-supported comparison service. The stamp and signature of a notary licensed in the jurisdiction in which the deed is being signed.The signature of two independent witnesses, one of whom could be the notary.The signature of the Grantor (this causes a lot of confusion since many folks believe they, as the grantee, can sign a deed transferring property of the grantor to themselves).The formal Legal Description used to identify the property.The money or value given to the grantor in exchange for his/her interest in the property.The name of the person or entity who will be receiving the grantor’s interest in the property.The name of the current owner of the property who intends to transfer some or all their interest in the property.All quit claim deeds must clearly state the following: In Florida, quitclaim deeds must contain specific information as stated in section 695.26 of the Florida Statutes to be considered valid. Requirements for Quit Claim Deeds in Florida For this reason, quitclaim deeds should only be used between closely known parties who trust one another. However, if the property is encumbered in a manner that affects the grantor’s ownership, then a quitclaim deed passes on that same problem to the grantee. So, if a grantor has clear and marketable title, then the grantee will receive clear and marketable title as well. This means that the grantee can only receive a maximum of what the grantor owns at the time the quitclaim deed is transferred. The transferring party is referred to as the grantor while the person receiving the property is called the grantee.Ī grantor cannot transfer more interest in a property than he or she owns. ![]() ![]() Unlike other types of deeds, they do not provide warranties or protections that the interest being transferred is clear, marketable or even legally owned by the party purporting to transfer it. Quit claim deeds are legal documents used to transfer ownership, in whole or in part, from one person to another. ![]()
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