Legislation Affects Real Estate – Quitclaim Deeds – Part 4

by | Mar 25, 2022 | Special Team's Report | 0 comments

This past legislative session in Texas saw the enactment of a few bills that can affect real estate transactions. Here’s part 4 of the 4-part series. This one focuses on Quitclaim Deeds.

Senate Bill 885: Quitclaim Deeds Bill
A Texas quitclaim deed form is a specific type of deed that releases whatever interest is owned by the person signing the deed. The person that signs the deed does not guarantee that he or she owns or has clear title to the real estate described in the deed.

When a title company sees a quitclaim deed has been filed in the “chain of title” we are typically not able to rely on that deed and we require that a new general warranty deed be signed to replace it. Oftentimes the parties that signed the quitclaim deed are now deceased or unable to be reached. With the help of this new bill, a title company will be able to rely on a quitclaim once it has been on record for four years. Please note that it is only applicable to deeds filed after September 1, 2021.

If you are interested here’s the SB 885 Bill: https://capitol.texas.gov/tlodocs/87R/billtext/pdf/SB00885F.pdf#navpanes=0

If you have questions, please feel free to call me at 214-769-2947. I am here to help!

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Beth Brake  REALTOR® 214-769-2947

Positively impacting your life as you move toward your dreams.