This information is provided for reference only. Real estate laws are different in each state.
If in doubt about any real estate matter seek the advice of an attorney.
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Qualify To meet a mortgage lender's approval requirements.
Qualifying Ratios Comparisons of a borrower's debts and gross monthly income.
Quit Claim Deed A deed which transfers whatever interest the maker of the deed may have in the particular parcel of land. A quitclaim deed is often given to clear the title when the grantor's interest in a property is questionable. By accepting such a deed the buyer assumes all the risks. Such a deed makes no warranties as to the title, but simply transfers to the buyer whatever interest the grantor has. Often used in a Divorce settlement to relinquish one of the parties interest in a property.
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