Legal Question in Real Estate Law in California
Quitclaim
How will quitclaim affect my condo ownership?
3 Answers from Attorneys
Re: Quitclaim
A quitclaim is a kind of deed. The grantor of a quitclaim deed transfers to the grantee whatever right, title or interest he has in the property (or whatever lesser interest is described in the deed itself) without warranty that the grantor in fact has any right, title or interest. In many cases the grantor of a quitclaim has full, good title, but simply doesn't want to make any warranty of those facts. In other cases, the grantor has absolutely nothing to convey. Since no warranty is made, there is no breach and no fraud in making such a deed. So, if you own a condominium, and you quitclaim it, it's gone.
Re: Quitclaim
my answer would depend on your knowledged of what and why you want to and what is your ownership interest in the property -- i'm going to assume you think this can accomplish some tax goal or won't need an attorney -- i think you may so if you wnat my advice and aid call me at 925-945-6000
Re: Quitclaim
If you quitclaim you will not be an owner any longer. This is a device that allows you to relinquish your rights, title and interest in the property to another. Good luck and thanks for inquiring.