| typical deed, a quitclaim deed neither warrants nor professes that the grantor's claim was actually valid. While a grant deed is normally used for all real estate sales and transfers, quitclaim deeds are sometimes used for transfers between accredited home lender canada members, gifts, and other special or unusual circumstances. Quitclaim deeds are accredited home lender canada used by tax authorities when selling properties seized for nonpayment of taxes. In most common law jurisdictions, a quitclaim deed is no technically considered to be a deed at all. It fails to meet all five traditional tests of a true deed found in common law. Instead it is considered to be an instrument of estoppel. Title companies often will not issue title insurance based on a quitclaim deed. In most jurisdictions, a grantee in a quitclaim deed is not accredited home lender canada to be a bona fide purchaser for value. The grantee in a quitclaim deed assumes no better title than what the grantor possessed. However if the quitclaim meets certain provisions, the grantee may be considered a bona fide purchaser in some juristictions. In the Commonwealth of Massachusetts, a quitclaim deed is known as a accredited home lender canada deed. An adjustable rate mortgage or variable |
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