what is a quick claim deed?

it isn't a Quick claim deed it's a Quit claim deed. it is not a good thing for you. if you sign it, that means

your giving up your interest in the house and won't get any compensation for it. you will be just giving it to them.

If you sign a quick claim deed (Quit Claim Deed), basically you're signing over your half of ownership of the property to the family. If you're not selling your half to them, then you shouldn't sign anything,

A quick claim (Quit Claim) deed is basically a title to your home. Like a title is to a car. Don't sign anything without some sort of legal advise from a lawyer.

It's a good thing your'e asking questions before you sign anything. Good Luck !!

First, the document is called a QUIT claim deed. If you sign such a deed, you are giving up your half of ownership to the family/estate of the deceased owner. You should ONLY sign a quit claim deed if you want to GIVE your half interest to those people.

if you want to own the property then it's a bad thing for you to do.

if they are buying you out at a fair price then it is a good thing for you to do & a required thing for you to do if you want to get paid.

a quick or quit claim deed is you signing your rights & claims away to the property. if the property is not paid for then this does not release you from your financial obligations to any loans on the property--you will still be responsible for those.