What is a quitclaim deed in Hawaii?

What is a quitclaim deed in Hawaii?

The Hawaii quitclaim deed is a form of deed conveying interest in real property from a Seller (the “Grantor”) to a Buyer (the “Grantee”). Because it is a quit claim, the seller is transferring the property with no guarantee whatsoever that he or she has clean title to the property.

How do I run a quitclaim?

Yes, to execute the Quitclaim Deed, the grantor needs to sign the deed in front of a notary public. In addition to notarization, some states also require witnesses to sign the deed. Once it has been signed, the deed should be filed with your local County Clerk or Registry Office.

What do you need to know about quitclaims on property?

Deeds are the documents used to convey title or interest in real estate from the grantor of the deed to the grantee, or the party receiving the deed. There are a number of deed forms, with the quitclaim being one that conveys only the interest that the grantor has in the property.

Can You Quit Claim property to avoid a lien?

The correct term is quitclaim, due to the fact it is a way for the issuer to “quit” his interest he has in a piece of property. Sometimes people use a quitclaim deed to shield property they own from a potential personal judgment lien, and the tactic can work. Yet, it typically won’t work to eliminate an existing lien on the property.

What is the correct term for a quitclaim deed?

The correct term is quitclaim, due to the fact it is a way for the issuer to “quit” his interest he has in a piece of property. Sometimes people use a quitclaim deed to shield property they own from a potential personal judgment lien, and the tactic can work.

Can a quitclaim deed be used to refinance a mortgage?

Thus, if you have a mortgage and you transfer your property by quitclaim deed to someone else, you’re still responsible for paying the mortgage. This doesn’t mean the grantee can’t assume the mortgage or refinance, but the grantor and the grantee must work together to resolve this issue.