Quit Claim Deed Lawyers in Phoenix
Helping Clients Transfer Property Quickly and Easily with Full Legal Protection
You’ve probably heard that your home is your biggest investment. However, what if your situation changes and you need to quickly pass on your home to a family member or remove someone from ownership of the home? Many Arizona individuals use quit claim deeds to pass on a residence as an inheritance or remove a spouse during a divorce.
Resolving property ownership issues can be one of the trickiest aspects of litigation. Usually, emotions are high when it comes to the house you reside in. You should consider carefully before deciding to use a quit claim deed because of the risk of taking on a title that is not clean and the lack of assurances that come with this type of deed. Speaking with a lawyer before you accept a house through a quit claim deed is essential.
At Resolvere Law PLLC, we understand the nuances of Arizona real estate law. We are dedicated to helping our clients learn about all of their options, including various types of deeds. We can quickly analyze your situation and help you determine whether a quit claim deed is right for you. Whatever path you choose or disputes that may arise, we will stand by your side. Call now for a free consultation at 480-568-1327.
What Is a Quit Claim Deed?
Quit claim deeds transfer ownership of a property without engaging in the sale of the property. This type of transfer occurs quite commonly in Arizona and can involve transferring property held in a trust, such as when passing on an inheritance. When people talk about using a “quick deed,” they are referring to transferring ownership through a quit claim deed.
Quit claim deeds can be used to add or remove someone from the deed. Some of the most common uses of changing ownership include marriage and divorce. However, it is important to note that removing a spouse from the deed does not affect the home mortgage. To remove your ex from the mortgage, you will need to contact the bank.
You may even transfer the home to a corporation or group of multiple people through a quit claim deed. Reach out to our legal team to learn more about using a quit claim deed and how we can help.
When Are Quit Claim Deeds Used in Arizona?
Transferring property ownership through a quit claim deed can be done quickly and easily, especially with the help of skilled real estate attorneys like those at our law firm. This makes quit claim deeds ideal for situations where you need to pass on ownership quickly without worrying about the sale of the home. These transactions do not require payment since the house is not for sale and typically occur in situations where the home is passed on to a family member.
Some examples of instances where a quit claim can be beneficial include:
- Adding someone to the deed following a marriage
- Removing an ex-spouse from the deed after a divorce
- Transferring property to a family member due to illness or age
- Passing on an inheritance to family members
- Clearing up tax issues by transferring the property in a tax auction
- Transferring a home to someone who pays with a promissory note
- Placing a home into a trust for estate planning purposes
An experienced quit claim attorney can help determine whether this process is suitable for your situation. You should always speak with a lawyer before making critical decisions about home ownership. Call our law offices today to discuss your unique needs with our compassionate quit claim lawyers.
What Are the Risks of Using a Quit Claim Deed?
It is essential to understand that quit claim deeds come with some risks. One of the primary risks of using a quit claim deed when receiving property from someone else has to do with the lack of guarantees that come with this type of deed. With a quit claim deed, the previous owner makes no guarantee about their ownership of the home. Unlike traditional deeds, the new owner does not know whether they are receiving a clean title or if the previous owner even had all the rights to the property.
Furthermore, quit claim deeds do not require due diligence of any kind. This means the person will receive the property without any assurance of the home’s condition. For these reasons, discussing your options with a knowledgeable real estate attorney is critical. Your lawyer can advise you on whether to accept the quit claim deed or pursue another form of transfer, such as a special warranty deed.
Should You Hire Our Quit Claim Deed Attorneys?
If you are considering a quit claim deed, you may be experiencing a traumatic life event, such as the death of a loved one or a divorce. You may feel pressured to take the quit claim deed at this critical time. However, it would be best if you took the time to speak with an attorney like those at Resolvere Law PLLC. We can help you see beyond the emotions of the event and determine the best path moving forward.
When you are handed a property through a quit claim deed, or if you need to transfer property using this method, we can help. We have a thorough knowledge of real estate law, including the nuances of quit claim deeds and other real estate transactions. We can ensure you have the greatest amount of protection possible according to your legal rights, and we will fight aggressively for your interests.
Call our legal team today to schedule a free consultation where you can speak with a real estate lawyer about your circumstances. We are standing by, eager to meet with you and help you through this complicated time. You can reach us by dialing 480-568-1327 to speak with our caring, capable legal team.