Ensure Online Signature Legality for Quitclaim Deed in Australia with airSlate SignNow

How to eSign a document: online signature legality for Quitclaim Deed in Australia

deeds are used to transfer interest in property between parties and one of the more common deeds used for real estate is a quitclaim deed here we'll overview coverage afforded by a quitclaim deed what a quick claim deed means for mortgage and common uses for quitclaim deeds what kind of protections do quitclaim deeds offer there are three main deed types general warranty special warranty and quit claim deeds general warranty deeds offer the highest level of protections while quick Liem deeds offer the lowest here is what to look out for with quitclaim deeds quitclaim deeds provide no warranties that the property is free from liens or other claims against the property quitclaim deeds do not certify that the property is free of incumbencies quitclaim deeds do not guarantee that the grantee legally owns the property there are no guarantees made that the grantee has the ability to transfer title essentially quick claims offer no protection for the grantee which is the person receiving interest in the property but they are still used very often and we'll get to why in a sec you may also be wondering if a quick claim deed has an effect on your mortgage what effect does a quitclaim deed have on my mortgage quit claim deeds only transfer title and do not change anything about a mortgage if a grantor were to quit claim to a property the grantee would be the legal owner but the grantor would still be responsible for paying the mortgage the mortgage does not automatically transfer to the grantee and if the grantee simply tells the grantor that they will pay the mortgage and do not follow through the grantor would be liable for the missed payments however it is possible for the grantee to assume the mortgage and for the grantor to be removed but this needs to be approved by the lender it's also important to note that some mortgages have a due on sale clause which means that the entire amount of the mortgage is due upon transfer of title even though quitclaim deeds can be thought of as risky and they are people still use them regularly common uses for a quitclaim deed they're perfect for situations where the property's history is known well or if the grantee knows the grantor personally moreover they're quick to execute and are relatively simple let's go over a common list of reasons to use quitclaim deeds transferring title between family members transferring property to a trust removing a spouse from the title after divorce and court order for a quick claim when there is no exchange of money between family etc curing small title defects such as a misspelled name when the grantor wants no liabilities and finally when the grantor is unsure of the status of the title we reforms the biggest database for online documents get started on your quick claim deed today by accessing our website where you can find free professional templates