Quit Claim deed for relenquishing my interests in the purchase of a home
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Quit Claim deed for relenquishing my interests in the purchase of a home
A friend and I recently purchased a house and received the warranty deed at closing. I, as grantor, would like to transfer my interets in the house to the other party, grantee. Do I and the friend both have to be grantors or can I be the sole grantor as the party turning over all rights?
Asked on August 16, 2019 under Real Estate Law, Colorado
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 4 years ago | Contributor
You can be the sole grantor of the quit claim deed, because what you are relinquishing via a quit claim deed is your rights to the property, whatever they may be--i.e. you are not warranting what the other party gets (as you would with a warranty deed) but only in essence saying "Whatever I had, it is no yours." You do not need any other person, including the other owner, to do that.
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