A quick claim deed is used when a real estate property transfers ownership without being sold. No money is involved in the transaction, no title search is done to verify ownership, and no title insurance is issued. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that most times a quick claim deed real estate transaction sometimes occurs between family members. Examples include when an owner gets married and wants to add a spouse’s name to the title or deed, or when the owners divorce and one spouse’s name is removed from the title or deed. In other cases, a quick claim deed can be used when parents transfer property to their children or when siblings transfer property to each other. Check out below to see this beautiful home currently for sale in Stonewater in December 2019:
48341 Four Seasons Blvd., Northville: 6 bedrooms, 6.1 bathrooms, 4,850 sq. feet, 3 car garage, Sold Price: $1,500,000
Stonewater Home For Sale
Another time that a quick claim deed might be used is when a title insurance company finds a potential additional owner of a real property and wants to make certain that this person doesn’t make a future claim of ownership. For more information on Stonewater, or similar Northville or Novi neighborhoods such as Maybury Park Estates, Fox Hollow and Pheasant Hills, contact The DiMora Team today at 248-505-7728 or email@example.com.