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A quitclaim deed may also be used to transfer title of a property to a purchaser following a foreclosure auction. Typically such a deed will not warrant that the property title is free and clear, and it remains up to the grantee to check that the property is not subject to any legal encumbrances. [11]
Properties that are sold on the basis of equitable title have a legal chain of title intact, and a recorded transfer with the local municipality. Legal title is actual ownership of the property as when the property has been bought, the seller paid in full and a deed or title is properly recorded. Equitable title separates from legal title upon ...
There is another article quit claim deed which should be merged unless they happen to be different things. Davumaya 19:59, 4 May 2007 (UTC) As an attorney, I agree. The correct phrase is quit claim deed. I suggest keeping the "Quit Claim Deed" article and then re-directing Quitclaim Deed" to "Quit Claim Deed". 18:40, 5 September 2007 (UTC)
1. If O conveys property she doesn't own to A by warranty deed, but O later acquires title to that land, then title immediately passes to A.. 2. However, if, as above, O conveys property she doesn't own to A by warranty deed, but O later acquires title to that land, A may elect to treat O's lack of title at the time of the conveyance as a breach of the covenants of seisin and right to convey ...
An Athens man checking on his property taxes discovered someone filed a quitclaim deed and purchased his home for $10.
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