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	<title>Home Loans/ Loans/ Mortgage Loans &#187; Quit Cliam</title>
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		<title>Definition of quit claim deed</title>
		<link>http://www.homeloanskb.com/definition-of-quit-claim-deed/</link>
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		<pubDate>Mon, 05 Oct 2009 12:53:32 +0000</pubDate>
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				<category><![CDATA[Loans]]></category>
		<category><![CDATA[Deed]]></category>
		<category><![CDATA[Quit Claim Deed]]></category>
		<category><![CDATA[Quit Cliam]]></category>

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		<description><![CDATA[Definition of quit claim deed
A quit claim deed is a legal instrument that passes the interest of claims that the grantor has on a real property. A quit claim deed is the most common form of the deed that is used to transfer a real property among family members or friends. But there is a [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Definition of quit claim deed</strong></p>
<p>A quit claim deed is a legal instrument that passes the interest of claims that the grantor has on a real property. A quit claim deed is the most common form of the deed that is used to transfer a real property among family members or friends. But there is a problem with quit claim deed. A quit claim deed does not assures that the title of the property is free from liens. That is why most people do not use quit claim deed at the time of buying a property.</p>
<p><img class="aligncenter size-medium wp-image-59" title="3469813" src="http://www.homeloanskb.com/wp-content/uploads/2009/10/3469813-200x300.jpg" alt="3469813" width="200" height="300" /><br />
Quit claim deed is mostly used at the time of divorce. At the time of divorce, most people want to split everything and to split the real property they commonly use the quit claim deed. This is very easy to use but if the property is mortgaged then one of the spouse need to refinance the <a href="http://www.homeloanskb.com/">mortgage</a> on his or her name to remove the other partner&#8217;s name, other wise the lender can take legal action against the partners for informing him at the time of transferring the mortgaged property.</p>
<p>As it is already said that a quitclaim deed is very easy to use. You can fill the from by yourself and then the deed needs to be notarized by an attorney. The quit claim deed should also be recorded in the County Recorder&#8217;s office as soon as possible to make the deed valid. The time frame to record the deed varies from one state to another. So you can check it in the Recorder’s office in your state.</p>
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