Full question:
Are ''Quick Releases' legal in Florida, Lee County for the purpose of removing ones name from the deed/title of a property?
- Category: Real Property
- Subcategory: Deeds
- Date:
- State: New Jersey
Answer:
The term "quick release" is not commonly recognized in legal contexts. However, a quitclaim deed is often used to remove a person's name from a property deed, such as in cases of separation or divorce. For instance, a deed can transfer ownership from both spouses to just one spouse.
A deed is a legal document that transfers title or an interest in real property. It must describe the property, name the party transferring it (grantor), and the party receiving it (grantee). The grantor must sign and notarize the deed. To be valid, the deed must be delivered and accepted. Generally, if the grantee possesses the deed, delivery is assumed.
There are two main types of deeds: a warranty deed, which guarantees the grantor owns the title, and a quitclaim deed, which transfers only the interest the grantor has. A quitclaim deed does not provide any warranties, meaning the buyer takes the property subject to any existing claims, taxes, or liens. Even after executing a quitclaim deed, a person remains responsible for mortgage payments on the property. Quitclaim deeds are frequently used among family members or joint owners when ownership is clear or to clear title.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.