In this case, this is an example of a grant deed. Suppose, in the same scenario, the owner includes in the deed that there were no previous transfers but they do not make any absolute promises regarding clean title. If, in the future, the buyer finds out there was a fourth unpaid lien, the original owner will have to compensate them accordingly.
EXAMPLE OF A QUIT CLAIM DEED COMPLETED TEXAS FULL
The individual then transfers the house to another party via a general warranty deed, which grants full ownership rights and promises clean title. Suppose an individual has a paper trail which proves that they are the sole owner of a piece of real estate and that there were three prior liens which were satisfied in full. In order to help understand the three main types of real estate deeds, it may be helpful to review some examples. It also typically contains a promise that the current owner did not previously transfer the real property to another individual. This means that there may also be other partial owners of the property or unknown liens.Ī grant deed transfers an ownership interest in real property.
EXAMPLE OF A QUIT CLAIM DEED COMPLETED TEXAS FREE
A general warranty deed promises and clear and free title.Ī quitclaim deed transfers whatever ownership rights the current owner has in the real property, even in cases where those rights are unclear. The three main categories of real estate deeds include:Ī general warranty deed transfers ownership in real estate in its entirety. There are several different types of real estate deeds which are available depending upon what rights the current owner is transferring in the property. TO THE EXTENT THE FOREGOING LIMITATION OF LIABILITY IS PROHIBITED, OUR SOLE OBLIGATION TO YOU FOR DAMAGES WILL BE LIMITED TO $100.00.What Are the Main Types of Real Estate Deeds? If you use any Do It Yourself Legal Form available on, you agree that: TO THE EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT WILL WE BE LIABLE FOR DAMAGES OF ANY KIND (INCLUDING, WITHOUT LIMITATION, LOST PROFITS OR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES) ARISING OUT OF OR IN CONNECTION WITH THE LEGAL FORMS OR FOR ANY INFORMATION OR SERVICES PROVIDED TO YOU THROUGH THE DEEDS.COM WEBSITE. Use of any Do It Yourself Legal Form from our website is done so AT YOUR OWN RISK. Do It Yourself Legal Forms available on our Website are not guaranteed to be usable, correct, up to date, or fit for any legal purpose.
You understand and agree that your purchase and/or use of a form document is neither legal advice nor the practice of law, and that each form and any applicable instructions or guidance is not customized to your particular needs, not guaranteed or warranted to be current, up to date, or accurate. If you use a form on our Site, you explicitly agree to our Terms of Use. On our Site we make available for use self-help "fill in the blank" forms. 13.002).ĭ Texas Quit Claim Deed Forms Have Been Updated as Recently as Monday April 3, 2023 A quitclaim deed that is properly recorded in the proper county in Texas will provide notice to the public of the existence of the instrument and will also be subject to public inspection (Tex. a quitclaim deed) is void against creditors and subsequent purchasers for valuable consideration without notice unless the instrument has been acknowledged, sworn to, or proved and filed for record according to law.
The recording act in Texas states that any conveyance or interest in real property (i.e.
There may also be formatting standards and specific guidelines as to the type of information that should be included in a quitclaim deed presented for recording in Texas.Īn unrecorded quitclaim deed is binding only to the parties involved, the party's heirs, and a subsequent purchaser who does not pay a valuable consideration or who has notice of the instrument (Tex. If the grantee's address is not included in the deed, the recording party may face penalty fees. The grantor to the quitclaim deed must sign and acknowledge the instrument. A quitclaim deed in Texas is recordable once it has been acknowledged, sworn to with a proper jurat, or proved according to law.
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