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Quitclaim Deed by Two Individuals to Husband and Wife Illinois Form

Quitclaim Deed by Two Individuals to Husband and Wife Illinois Form

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hi guys this is Sarah from The Savvy Professor Welcome to our video about what happens when you have a quit playing deed but still on a mortgage watch until the end of the video to learn everything about quit claim deeds while on a mortgage what is a quit claim deed a quit claim deed or a non-warranty deed is a legal document that transfers interest and ownership of a property from a granter or a seller to a grantee or buyer such a d doesn't offer any assurances that the property is free from any claims it therefore doesn't protect the buyer the grantee takes legal possession of the grantor's interest in the property during the transfer the quit claim deed is usually used in transferring property among family members instead of selling the property the bottom line is that a quit claim deed transfers property between parties who know each other and can more likely accept the risks of a lack of buyer your protection what happens when you have a quit claim deed but

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