Can you amend a quitclaim deed?

Answer 1

Yes, you can if you OWN any intest in it. If you have an interest in, let's say a piece of land. you may sell your quit claim deed to anyone for a penny on up. If trying to sell your's for money, you will probabably need to know the fair market value of it. Realtors* do this for free. If it has to hold up in court, you would hire the service of a licenced land appraiser IN YOUR AREA.

Otherwise you may sell your quit claim deed for what ever the buyer will pay. No one can govern the amount of profit you make. It is up to the buyer to do the homework. I can ask one million dollars for my left tennis shoe. It doesn't mean I'll get it. But, if I do sell it, it's fair unless I've made phony claims of it's worth. L.T.B.B. (Let the buyer beware)

A quit claim deed can be used to sell property.

However such a deed does not give the purchaser any guarntee that the title is not defective nor does it guarantee the quantity or quality of the property in question.

Likewise it does not take away the rights of the buyer to pursue any legal action nor give the seller immunity from such litigation.

Clarification

Deeds are not sold. A deed represents a person's interest in real estate. If a person desires to sell their interest in real estate they must execute a new deed that conveys whatever interest they may have in the real estate.They would not be selling their deed. They would be selling their interest in the real estate. It is up to the purchaser to have the title to the real estate examined by a professional to make certain the grantor in the deed owns the property.

Answer 2

Yes, but it is most assuredly not the safest way to transfer real property. The use of this type of legal instrument gives no guarantee that the legitimacy cannot be subject to challenge because there is no assurance given that the property had a clear title at the time the transaction occurred.

Answer 3

No. Not unless you specifically reserved the right to revoke the conveyance under certain conditions and the conditions were not met. Otherwise, a deed is NOT revocable. Generally, when you execute a deed the ownership of the property is transferred to the grantee.

Answer 4

Yes, but the deed should be drafted by a professional and then recorded in the land records. If there was a separation agreement incorporated into the divorce decree that mentioned the real estate you must make certain to follow the agreement to the letter. That will avoid creating a cloud on the title.

Yes, but the deed should be drafted by a professional and then recorded in the land records. If there was a separation agreement incorporated into the divorce decree that mentioned the real estate you must make certain to follow the agreement to the letter. That will avoid creating a cloud on the title.

Yes, but the deed should be drafted by a professional and then recorded in the land records. If there was a separation agreement incorporated into the divorce decree that mentioned the real estate you must make certain to follow the agreement to the letter. That will avoid creating a cloud on the title.

Yes, but the deed should be drafted by a professional and then recorded in the land records. If there was a separation agreement incorporated into the divorce decree that mentioned the real estate you must make certain to follow the agreement to the letter. That will avoid creating a cloud on the title.

Answer 5

Generally speaking a deed may not be amended. Minor errors in a deed may be corrected with a Scrivener's Affidavit. Examples of minor changes might include such details as correcting the misspelling of a name, adding a missing course in an otherwise correct description, correcting a date, etc. However, a Scrivener's Affidavit may not be used to make substantial changes such as adding the name of a grantor not recited in the original deed, changing the name of the grantee, changing the tenancy, changing the description of the property conveyed or adding conditions or restrictions.

If an error was made in a deed the conveyance will be construed in favor of the grantee. To make a substantial change the grantee would need to convey the property back to the original owner using the same language as in her acquisition deed. Then the transaction would need to be rerecorded with the corrective deed. When that type of situation occurs, it is good form to include a statement in the new deed that explains its purpose. For example, "the reason for this deed is to add the name of a grantee who was inadvertantly omitted in the deed at Book 12001 Page 332".

Answer 6

Yes, but the deed should be drafted by a professional and then recorded in the land records. If there was a separation agreement incorporated into the divorce decree that mentioned the real estate you must make certain to follow the agreement to the letter. That will avoid creating a cloud on the title.

Answer 7

Yes. A quitclaim deed conveys any and all interest owned by the grantor. A comprehensive title examination that follows the rules in any particular area discloses and confirms the grantor's interest in the property. The deed itself should not be construed as a guarantee of the quality of the title.

Answer 8

You cannot transfer land that you do not own. However, you could release any other rights you have in that land, a right of way for example, by executing a quitclaim deed.

Answer 9

A quit claim deed indicates that you are giving up all your rights to the property. If you have no rights, you are not giving anything up.

Answer 10

Ownership of real property is transferred by deed. If you already signed a quit claim deed, you already transferred your interest in the property. It no longer belongs to you.