If someone signs a quit claim deed or whatever its called does that mean they no longer have the rights to the house that their name is on? I would assume that but someone said that it doesnt matter, not a reliable source. __________ www.geocities.com/scatter_445
Here is the definition of Quit Claim Deed as it is in my BLacks Law dictionary. Quit Claim-to relinquish or release (a claim or right). 2. to convey all of one's interest in (property), to whatver extent one has an interest; to execute a quit claim deed. I dont know the answer, and i cant give out legal advice anyways, since i am only a paralegal. I can ask my boss tomorrow and let you know tho.
I had to do one before. I bought a place from a guy who had to sign a quit claim to release his rights to the place so I could take over the loan. A warranty deed is the best deed and warranty deeds can be aquired from quit claim deeds. A simple rule of a quit claim is kinda like saying quick claim. The person above me explained it well.