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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Condor who wrote (89923)11/7/2008 2:39:28 PM
From: FritzV  Read Replies (1) of 116555
 
Quitclaim Deed

Definition: Quitclaim deeds transfer or "quit" any interest in real property. The grantor may not be in title at all, so the grantee cannot assume that the grantor has any real interest to convey. However, if the grantor were, say, married to the owner of the property, signing and recording a quitclaim deed in favor of the spouse would transfer any interest the grantor may have in the property to the spouse.

Common Misspellings: quick claim deed, quit claim deed
Examples: Although Paris Hilton bought the home on Fifth Avenue years before she met and married Danny DeVito, when she sold the property to Josh Holloway, Mr. DeVito was required to sign a quitclaim deed to Mr. Holloway.
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