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How does a Quit Claim Deed work? How does a Quit Claim Deed work?
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Old November 25th, 2008, 11:56 AM
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Join Date: Sep 2008
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Cool How does a Quit Claim Deed work?
Hi,
Could someone explain me as to how a 'Quit Claim Deed' works? Does it come into play only when I'm returning my timeshare to the timeshare company? Does it have any other use? I'd appreciate if you could throw some light on this issue.

Thanks.
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Old November 25th, 2008, 01:51 PM
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Join Date: Jul 2007
Posts: 49
Default Time share resale closings-quit claim deeds
A conveyance by which the grantor transfers whatever interest he or she has in the time share, without any warranties or any obligations.

They work best when transfering your time share resale to a friend or family member. They are rarely used in typical time share resale closings.

Always best to have a lawyer or closing company handle a time share or regular real estate closing.

Parker
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