Buying and selling real estate involves a variety of financial and legal transactions, which is why it is so important to involve a team of professionals, including real estate agents and attorneys, who understand the implications of transferring ownership with a quickclaim deed. The deed provides proof of ownership and transfers the title to you regardless of who owned the property before you. Quitclaim deeds are most often used to transfer property within a family. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we have seen that another time a quitclaim might be used is when a title insurance company finds a potential additional owner of a property and wants to make certain that this person doesn’t make a future claim of ownership. In that case, the insurance company would ask that person to sign a quitclaim deed. Check out below to see what sold in Arcadia Ridge in June 2015:
It’s important to recognize that a quitclaim deed impacts only the ownership of the house and the name on the deed, not the mortgage. For more information on Arcadia Ridge, or similar Northville or Novi neighborhoods such as Brookstone Village, Timber Ridge and Cascades of Northville, contact The DiMora Team today at 248-505-7728 or email@example.com.