Legal Question in Real Estate Law in New York

What is the difference between a \"quite claim\" deed and a standard deed?\nAlso, is it possible, advisable or necessary to change it to a standard deed?\nthanks\nj


Asked on 7/30/09, 9:18 am

1 Answer from Attorneys
Michael Markowitz Michael A. Markowitz, PC

In a quitclaim deed no warranty of title is given. A warranty of title means that a warranty or guaranty is given that a third party does not have a claim against the property.

Generally, with "arms length" real estate transactions a warranty deed is delivered to a purchaser and not a quitclaim deed.

Mike.

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Answered on 8/04/09, 11:36 am


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