Oftentimes, clients coming in for their first consultation at the Law Offices of Edward Ip & Associates are unclear as to the differences between a Grant Deed and a Quitclaim Deed. The fundamental difference is that a Grant Deed ensures the grantor has a legal interest in the property, while a Quitclaim Deed releases only the potential interest one might have in a property without any warranties. Simply put, Grant Deeds ensure that the true owner of a certain property or title has the legal right to convey their interest in the property, while a Quitclaim Deed does not have any such warranties or assurances. Quitclaim Deeds are commonly used in real property transactions involving family members or trusts. Grant Deeds are commonly used in arms-length real estate transactions that are typically completed through brokers and attorneys.
The process of choosing which type of deed to use can be complicated and require the legal expertise of qualified attorneys. Our attorneys are uniquely qualified to handle such matters, possessing both licenses in law and in real estate. If you, or anyone you know, require our assistance, don't hesitate to contact the Law Offices of Edward Ip & Associates, APC at (626) 228-0638!
**The information provided on this post does not, and is not intended to, constitute legal advice; rather, all information, content, and material on this post are for informational purposes only.**