Can i get title insurance on a quit claim deed

The owner of a property or home is often referred to as the "title holder." However a property title isn't really a tangible document, rather it's a compilation of various transactions that have occurred on the property such as sales and mortgage loans. A search of the recorded documents associated with the property determines the chain of events to create a title report. These reports are used primarily when a property is being sold to ensure the title is free of liens and for title insurance purposes. Property ownership is conveyed and granted through deeds, such as quit claim deeds. If property is transferred to someone through a quit claim deed, they are then considered to hold the title.

Talk to the current owner to reach an agreement regarding the details of the transfer. Some things to consider are how you will hold the title and if the current owner will also remain on the title.

Contact an attorney to prepare the quitclaim deed. He will need some important information, including the full names of both parties and the property address. Only the current owner -- known as the grantor -- needs to sign the deed.

Submit the signed deed to the county clerk/recorder to be filed on public record. This ensures that the transfer will appear on any future title searches. The original deed is typically returned to the grantee after it's recorded. Keep it in a safe place, such as a fire-proof storage box.

  • Quit claim deeds act to transfer ownership from one party to another. The legal implications of a quit claim deed simply transfer whatever interest the grantor has in the property to the grantee. The grantor makes no promise of a clear title or if he even owns the property at all. Because of this, quit claim deeds are typically used between related parties. Additionally, they are used to add and remove people to and from the title, such as a spouse or ex-spouse.

Related Posts

Can i have double dental insurance

Coverage under two different dental plans is known as dual coverage. If you're fortunate enoug...

Can i have health insurance with two companies

With health care reform, a common question is does my employer have to provide hea...

Can i have two disability insurance policies

Also, excluding the BOE policy, anyone can have more than one personal policy. The guid...

Can i keep my current health insurance under obamacare

As thousands of consumers receive health insurance cancellation notices, President Obama is co...

Can i pay dental insurance premiums with my hsa

Because health accounts were created by the tax code, it's the Internal Revenue Service that d...

Can i reimburse my employees for health insurance

For many years, small businesses that didn’t offer group health insurance would often help e...

Can i tax car with traders insurance

As well as providing insurance for full-time motor traders. we also cover part-time traders to...

Can i travel without a european health insurance card

If you need medical treatment while you're in another EU country. presenting your European Hea...

Can i use my european health insurance card as id

As an EU citizen, if you unexpectedly fall ill during a temporary stay abroad - whether on hol...

Can i withdraw money from life insurance

Home > Articles > Should I Withdraw The Cash Value On A Universal Life Policy?...

Can i write off car insurance on my taxes

The less you lose on your accident, the less likely it's deductible. After a car accide...

Can life insurance companies go bankrupt

Generally, when an insurance company goes bankrupt, the guarantees that are being offered on t...