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Lake Lillian, Minnesota Quitclaim Deeds Legal Articles
Definition of a Quit Claim Deed in Lake Lillian, MN
Unlike other property deeds, a quitclaim deed contains no title covenant. It cannot offer warranty to the grantee as to the status of the property title. At the time of transfer, the grantee is entitled...
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FAQs on Divorce and Quitclaim Deeds in Lake Lillian, MN
Q: Will a quitclaim deed release me from the mortgage obligation? We held equity loans on two separate properties and during our divorce, each property was signed off to its respective owner using a quitclaim...
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Differences between Quit Claim Deeds and Warranty Deeds in Lake Lillian, MN
How is a Deed different from a Sales Contract? A sales contract is a promise to convey property in exchange for money. A deed is not a promise to convey, it is the conveyance itself. A deed contains...
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