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24 October 2011

Quitclaim Deeds

Most of the time quitclaim deeds are used to clean up title to a piece of property after the owner has died. Individuals who sign quitclaim deeds are literally "quitting their claim" in the real estate listed in the document.

If you see a group of individuals listed as grantors on a quitclaim deed and one other likely relative listed as the grantee, you should be asking yourself "who likely died that caused this deed to become necessary?"

Often it was the last surviving member of a couple, but not always.

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