What is a home quick claim deed?
What is a home quick claim deed?
A home quick claim deed (HQCD) is a particular kind of document that allows you to transfer the title of your home when you move. You might have heard it referred to as a "quitclaim deed," but that's just one type of HQCD. The quickest of the quick, an HQCD can be prepared, signed, and recorded in only a few hours.
There are many reasons why someone might want to use an HQCD instead of a traditional deed, but they all boil down to convenience and speed. If you're selling your house, or if you're buying a house and the title hasn't been cleared by the seller yet, an HQCD makes it possible to get everything done quickly and easily while avoiding the usual hassles. If you're buying from someone who is moving out-of-state or country and will be unavailable for weeks or months until everything is transferred over, you can use an HQCD to take on the responsibility for their property without having to wait for them to come back around.
A home quick claim deed is a legal document that can be used to transfer ownership of a home from one person to another. It is often called a "quick claim deed" because it is easier and faster than the more traditional method of transferring real estate, which involves having a title search performed by an attorney or notary prior to transferring ownership.
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Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.