Posted by Ronald * Starr(in No CA) on July 12, 2003 at 24:33:27:
One small correction. You say “The quitclaim deed is an instrument that conveys all ownership rights to another co-owner of a property without guarantees.” Not quite true. The quitclaim deed convey all ownership rights to any grantee. The grantee does not have to be a co-owner. It just happens to be used quite a bit with married couples, so you might get that impression. But often you will see a quit claim deed being recorded from a spouse to a purchasing spouse to show that only the purchasing spouse has an interest in the property.
Good InvestingRon Starr**