The Wisconsin Quit Claim Deed is used to transfer ownership of real estate from one party to another. This type of deed is most often used when the property is being given as a gift. The quit claim deed offers ZERO protection to the buyer (or receiver). The Wisconsin quit claim deed simply transfers whatever rights the holder has to the property.
The Wisconsin quit claim deed is a legal record that is used to change ownership of real property from one person to another. Due to the fact that they are a rapid action to finalize real estate transfers, quit claim deeds are at the same time often called quick claim deeds. After it is signed, the deed ought to be recorded in your regional tax office, registry of deeds, or wherever real estate dealings are recorded in your surrounding area.
The Wisconsin quit claim deed is most regularly used when realty is converted without a common sale. An example would be real estate being changed in between members of the same family such as parents giving or selling a residence to their children. This form of deed can also be used between divorcing partners when one partner keeps the household and the other is relinquishing his/her rights to the household. Transfers utilizing a quit claim deed do not usually need a title search or title insurance coverage.
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