Property Ownership
In Missouri, which deed is most commonly used to transfer property between spouses or family members to fix a title defect?
AGeneral warranty deed
BQuitclaim deed✓ Correct
CTrustee's deed
DSpecial warranty deed
Explanation
Quitclaim deeds are frequently used between family members or to resolve title defects because they transfer whatever interest the grantor has without making any warranties about title quality.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
EasementA non-possessory right to use another person's land for a specific purpose.
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