Orlando Quit Claim Deeds
An Orlando quit claim deed is useful when one person, known as the grantor, wishes to transfer the title of a property to someone else, the grantee. If the grantor has a title on the property that is considered legitimate and legal, a quit claim deed will transfer the property to the grantee. Unfortunately, if the grantor does not have a proper and legal title on the property, a quit claim deed can be rendered ineffective.
Generally speaking, people cannot transfer more property than they rightfully own. As a result, if someone tries to transfer full legal title to a certain property when they do not actually have a legal title, the deed is considered ineffective. An Orlando quit claim deed is most appropriate when the property is being transferred to the grantor’s own LLC, a trust, or a family member. An Orlando quit claim deed lawyer can help guide you through the process.
An Orlando Quit Claim Deed is Different from a Warranty Deed
It is not uncommon for people to think that quit claim deeds and warranty deeds are the same thing, but the two do have differences. Both of these deeds will transfer ownership in a property from one person to another. However, warranty deeds provide more protection to the new owner.
A warranty deed guarantees that the title to the property is valid and does not contain any defects. A quit claim deed does not provide such a guarantee. As a result, warranty deeds are more appropriate when the two parties do not know each other, while quit claim deeds are usually sufficient for transactions between two family members.
Are Quit Claim Deeds Effective After a Grantor’s Death?
Quit claim deeds are no longer effective once the grantor passes away. After executing and recording a quit claim deed, the provisions within it take place immediately and cannot be put off to some time in the future. In the event that someone wants to transfer property to another person after their death, a lady bird deed is more appropriate. A lady bird deed will allow the current owner to use and control the property during their lifetime, and transfer the property to another person upon their death.
How Much Does a Quit Claim Deed Cost in Orlando?
It is not necessary to work with an attorney when preparing a quit claim deed, but doing so can protect against the risk of making a mistake and the headaches and stress that come along with it. When working with an attorney, a quit claim deed will cost less than $200, but will ensure the deed is drafted properly and that it is valid.
Call for Your Quit Claim Deed in Orlando Today
If you wish to transfer your property easily and quickly, call our attorneys at My Florida Deed for your Orlando quit claim deed today. We will provide the necessary forms and sound legal advice to ensure your title is valid. Call us today at 407-205-2906 or fill out our online form to obtain the information you need.