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A quit claim deed is a legal document that clears title to the property. It is used in the transfer of an interest on a property to another person. By its name alone, it means the owner quits any claim on a house or land. The person who is quitting claim is known as the grantor while the one who accepts the property is called the grantee. The grantee assumes all risks especially if no guarantees or warranties are made on the title.
1107. Attorney's Fees: You may be required to pay for legal services provided to the lender, such as an examination of the title binder. Occasionally the seller will agree in the notary publics near me agreement of sale to pay part of this fee. The cost of your attorney and/or the seller's attorney may also appear here. If an attorney's involvement is required by the lender, the fee will appear on this part of the form, or on lines 1111, 1112 or 1113.
Don't ask the notary public to use the notary seal on a paper that will be signed later. A notary can only notarize a document signed in his or her presence by a person who is either personally known to the notary or who has produced an acceptable form of photo identification. There are some exceptions for those who have no photo identification, but those are handled differently in each state. No state, however, allows a notary to affix the notary seal to a document in the absence of a person who will sign it later.
A quit claim deed is a valid option for giving up property interest. But since transfer of title or ownership rights is not guaranteed by this document, it is best accompanied by a warranty deed.