Quick Claim Deed for Admitting Third Party to the Property

What is Quick Claim Deed and why is it essential? Quick Claim Deed Form is a legal document,  which releases a person's claim or interest on a certain property and passes it to another individual. It is also worth noting that,  this type of deed, however, provides no assurance as to the rights of the person receiving it and makes no warranty that the person concerned owns anything. This title transfer deed is used in various situations, such as in a divorce, transferring real estate properties between family members, as tokens or gifts or to remove doubts on title or bring in new member to the property, held by other members.

It is also necessary that all relevant information concerning the transaction is written down in the deed. The usual important information includes, the names of the parties involved in the transfer, a short description of the property, location of the property and the purchase price agreed for the title transfer. The deed must also include a statement that the grantor is releasing the rights, claim and interest to the transferred property. Affixing signatures by both grantor and grantee, along with the witnesses to the deal, makes the agreement legally binding on both parties.

Notarization gives it more authentications and gets it recorded in legal office.
It is also not necessary to visit lawyers or other legal advisors for drawing of the Quick Claim Deed or spend money buying the deed form. There are numerous sites that offer these forms free of cost. You just need a PC with Internet connection for downloading the form. You can sit at the comfort of your home and download the deed at your leisurely homely hours.

But, it is also worth remembering that once the deed is signed, it is final and not irrevocable, therefore if you have second thought and want to reverse back the title transfer after signing it then, it becomes very difficult to repudiate the transfer. Therefore, you think twice before signing the Quick Claim Deed.