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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 ] Usage varies by state, and in Massachusetts quitclaim deeds include statutory warranties (similar to “special warranty deeds” in other states) and are ...
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 ...
A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
Keep the "Quitclaim deed" article and change this one to a re-direct. Also, redirect "Quick claim deed" to "Quitclaim deed".Kgrr 17:28, 8 August 2007 (UTC) I am an attorney; the correct phrase is quit claim deed. I suggest keeping the "Quit Claim Deed" article and then re-directing both Quick Claim Deed and Quitclaim Deed" to "Quit Claim Deed".
In landlord–tenant law, a notice to cure or quit is issued by a landlord when a tenant performs actions in violation of a lease. The notice gives a tenant the option of either fixing the offending problem or vacating the rental property. If the tenant continues performing the action(s) and does not move out, they can be evicted. [1]
A straw deed is when two deeds are filed in quick succession, the first from Party A to Party B and then the second from Party B back to Party A. This is used to sidestep legal restrictions of sales between spouses or joint owners, or to incorporate a new survey description.
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