• ODT Gun Show & Swap Meet - May 4, 2024! - Click here for info

CPA advice about realty

Good thoughts/supplemental info @GAgunLAWbooklet. From my real estate background, quit claim deeds are often used when transferring property between family members, generally used in transactions where the parties know each other and are willing to accept the risks associated with the lack of buyer protection that could be afforded via a warranty deed (that guarantees/warrants that the property is unencumbered). Other common uses include when a property transfers ownership without being sold (at least on paper), when there is no money exchange, or if a joint ownership splits up (married couple getting a divorce yet someone keeps the asset), so that one person relinquishes ownership to the remaining owner(s).
 
Back
Top Bottom