Escrow & Title
In Maine, a 'quitclaim deed' is commonly used in which of the following situations?
AStandard arms-length residential sales with full warranties
BCorrecting a defect in a prior deed, transfers between family members, or adding/removing a spouse from title✓ Correct
COnly for commercial property transfers
DOnly when title insurance is not available
Explanation
Quitclaim deeds are commonly used in Maine for corrective deeds, family transfers (parents to children, divorce settlements), adding or removing a name from title, or situations where the grantor does not wish to make warranty covenants.
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