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Nonetheless, they are still common in certain real estate transactions, such as:
Nonetheless, they are still common in certain real estate transactions, such as:
*gifts from one family member to another
*gifts from one family member to another
*where a married couple is divorcing, and one spouse is quitclaiming his/her interest in the property to the other<ref>However, this does not relieve that party of any obligations under a mortgage.</ref>
*where a married couple is divorcing, and one spouse is transferring his/her interest in the property to the soon-to-be ex-spouse<ref>However, this does not relieve that party of any obligations under a mortgage.</ref>
*The most common use is when a governmental entity (or, in some states, a [[Homeowners Association]]) seizes a property for nonpayment of property taxes or other liens, and sells it to a third party. In this case, likely the buyer will need to initiate a [[quiet title action]] to clear title for marketability purposes.
*The most common use is when a governmental entity (or, in some states, a [[Homeowners Association]]) seizes a property for nonpayment of property taxes or other liens, and sells it to a third party. In this case, likely the buyer will need to initiate a [[quiet title action]] to clear title for marketability purposes.