I receive many questions about real estate every month, and I’m always happy to answer them. Sometimes, I’ll get a question that's relevant to a large group of people, and in those cases I like to share the answer with all of my readers. Feel free to send your own questions! If I publish yours, you’ll receive a gift card for Fleming’s Streak House as my way of saying thanks!
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This month’s question was sent in by Rachel. Thank you Rachel! Enjoy your steak!
I was recently divorced and my husband gave me a Quitclaim Deed. I have never heard of this type if deed. Is it a good deed?
There are three types of deeds in Texas; General Warranty Deed, Special Warranty Deed, and a Quitclaim Deed. Unlike most other property deeds, a quitclaim deed contains no title covenant and thus offers the grantee no warranty as to the status of the property title. It is a risky deed that many title companies do not allow when insuring a chain of title. You should obtain a General Warranty Deed in this instance.