Re: Quit-claim vs. Warranty Deed - Posted by MDonovan
Posted by MDonovan on June 06, 2000 at 15:31:55:
A warranty deed means the seller guarantees that the title is free and clear. A quitclaim deed guarantees nothing. It conveys all of the grantors interest in the property, whatever that may be. It does not even make a claim that the grantor has any intterest in the property at all. I could give you a quitclaim deed to the brooklyn bridge for example.
To get absolute fee simple ownership, allowing you to hold the property forever, or to convey it to anyone else via warranty deed, you need to file a quiet title action. This is basically a public notice that you are claiming title and if anyone objects, they must do so within the time limits as provided by your state statutes. Call a real estate attorney and ask how much they charge for a quiet title action.