Principles of Real EstatePregunta 15 de 120
A quitclaim deed is BEST described as an instrument that:
a.Guarantees clear and marketable title to the grantee
b.Automatically pays off all existing liens
c.Conveys only whatever interest the grantor may have, with no warranties
d.Is required for all sales of residential property in Texas
Explicación
A quitclaim deed transfers only the interest, if any, that the grantor holds and makes no warranties about the quality of title. It is often used to clear clouds on title, such as removing a possible claim, rather than for arm's-length sales.
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Preguntas relacionadas de este tema
- Texas is a community property state, which generally means that property acquired by either spouse during marriage is:
- Which document is the primary legal instrument used to transfer title to real property from one party to another?
- Which type of deed offers the grantee the greatest protection because the grantor warrants title against defects arising at any time in the property's history?
- For a deed to be valid and effective to convey title, it generally must be:
- The main purpose of recording a deed in the county real property records is to:
- Title insurance protects the insured party against:
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