when they sign it, there are giving up their rights to the property. Usually in a divorce situation, the spouse who is leaving will quit claim their rights to the property over to the spouse who is staying.
In a quit claim deed, the person is giving up whatever right he/she has in the property, without asserting that he/she has any rights in it. "If I own any part of this, you can have it."
A grant deed, on the other hand, say "I do in fact own part of this, and I grant that to you."
If you are buying property you want a warranty Deed. Banks don't really want to deal with QD's. So if you want to buy a property and someday in the future get a loan on it try and get WD
Talk to a title co. in your area and see what they'd want to insure your title.
While they might take the QC Deed, they might then want you to file and get court Judgment in Trespass to Try Title Action...TX equiv. of Suit to Try Title.
But just go talk to them, as they'll tell you just what they'd require.
someone signs it.
when they sign it, there are giving up their rights to the property. Usually in a divorce situation, the spouse who is leaving will quit claim their rights to the property over to the spouse who is staying.
In a quit claim deed, the person is giving up whatever right he/she has in the property, without asserting that he/she has any rights in it. "If I own any part of this, you can have it."
A grant deed, on the other hand, say "I do in fact own part of this, and I grant that to you."
If you are buying property you want a warranty Deed. Banks don't really want to deal with QD's. So if you want to buy a property and someday in the future get a loan on it try and get WD
Talk to a title co. in your area and see what they'd want to insure your title.
While they might take the QC Deed, they might then want you to file and get court Judgment in Trespass to Try Title Action...TX equiv. of Suit to Try Title.
But just go talk to them, as they'll tell you just what they'd require.