quitclaim


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quitclaim

noun acquittance, deed exculpating the transferor, deed of release, quittance, receipt, waiver
Associated concepts: quitclaim and convey, quitclaim deed, quitclaim sales
References in periodicals archive ?
Individuals seeking to benefit from the tax deduction can be added to the deed via a quitclaim deed.
contain warranty deeds or quitclaim deeds (or some combination of both).
purchase the equivalent of a quitclaim from the former.
For example, in the case at hand, one quality-control provider testified that quitclaim deeds, whether approved by the lender or riot, were perfectly acceptable because they gave the lender someone else to pursue if the original borrower failed to pay.
For Evertsen, see Quitclaim from Massany, a Highland Indian, to Pieter Lassen and Jan Smeedes, May 5, 1683, ERA, 3:556.
OCCA calls for an end to a quitclaim era in the secondhand marketplace online: it keeps a seller honest by requiring him to prove the authenticity of his product prior to making it publicly available online.
(66) The "straw buyer" may quitclaim the property to the third party after the closing.
Thus, in Salem, John Hathorne eventually discovered his "eastern lands" (Loggins102) deeded to Henry Curtis of nearby Beverly from whom he reacquired it through "a quitclaim" in 1690 (Loggins 109); ironically, as Hawthorne knew, it would prove to be a deed very similar to Col.
Hence, a quitclaim deed will transfer a fee simple absolute (or any lesser estate) just as readily as a full warranty deed.
Additionally, it had served notices upon the law firm that prepared Lowe's 1993 quitclaim deed and the property's mortgagee, a bank.
Be wary of a quitclaim deed, which could signal that the seller's claim on the land may not be legally valid.
Chapters address why an estate plan is necessary, how to select, prepare for and sign a will, preparing and changing a living trust, preparing a designation of primary physician, organ donation form, or quitclaim deed, and much more.