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David Saks' Glossary of Real Estate & Mortgage Terms : The Q's

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Industry Observer TN LIC# 290452

                                                           q

David Saks'                                                                        

Glossary of Real Estate and Mortgage Terms


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Quit Claim Deed

A deed operating as a release; intended to pass any title, interest, or claim which the grantor may have in the property.

  Quiet Cloud on Title

Any document or claim, including an unreleased lien, or encumbrance may injure the title to a property. Clouds on title are revealed in a Title Search. Examples of clouds may be a recorded mortgage paid in full with no satisfaction of mortgage recorded, or a property sold without a spouse's release of interest in the property. A property owner may prepare a quitclaim deed or a "quiet title" proceeding to remove the cloud on title from the record.

This is all I could come up with, but if you can think of anything else put it in the comment section below. X and Z are probably going to be flabbergasters, as well. Chime in if you can think of anything else.

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Time&Temp Memphis

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