Minnesota General Warranty Deed FormĪ Minnesota warranty deed form is the opposite of a quitclaim deed in terms of warranty of title. For example, a property owner might use a quitclaim deed to add a spouse to a deed, transfer property as a gift, or release rights in real estate under a divorce decree. Minnesota quitclaim deeds are a common choice for transfers involving no consideration-or value given in exchange-from the new owner. The current owner bears no risk, and the new owner cannot sue for breach of warranty if a quitclaim deed transfers a defective title. 1 Any problems with the title-such as undisclosed liens, boundary disputes, or adverse third-party claims-are the new owner’s responsibility. The new owner receives all rights, title, and interest the current owner holds in the real estate as of the date in the deed. The current owner does not guarantee that the property’s title is clear or that the quitclaim deed transfers a valid title. Minnesota Quitclaim Deed FormĪ Minnesota quitclaim deed form offers no warranty of title. Each of the three types offers a different level of warranty of title-the current owner’s assurance regarding the validity and status of the transferred title. Minnesota recognizes three basic types of deeds for transferring title to real estate to a new owner during the current owner’s life. What Types of Deeds Are Recognized in Minnesota? Just complete a user-friendly interview and get a customized deed that is attorney-designed to meet Minnesota recording requirements.
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