Sentences with phrase «quitclaim deed»

By the way you can use quitclaim deed to add him on the deed and then he can take the HELOC.
As stated above, in most jurisdictions properties sold in this manner are conveyed to the highest bidder via «tax deed» (or similarly - named deed), a form of quitclaim deed.
The two of you may even sign quitclaim deeds to each other conveying real estate before or during the divorce process.
You can turn a standard quitclaim deed into a survivorship deed by writing that the «second party» or «grantee» — the people who are receiving the property, in this example, you and your adult child — hold the property as «joint tenants with rights of survivorship.»
Quitclaim Deed forms are legal documents used by a person or entity (called Grantor) to transfer an interest in a piece of real property to another party or entity (called the Grantee).
Title companies don't like Quitclaim deeds in Tx.
Quitclaim Deed Deemed a Fraudulent Transfer by California District Court, Los Angeles Bankruptcy Lawyer Blawg, November 26, 2013
Our lawyer drafted quitclaim deeds to change the title of our home into the name of the trust, and filed those for us.
Quitclaim deeds carry no guarantee that the seller possesses ownership of the property.
In Armer v. Armer, 463 P. 2d 818 (1970), the Arizona Supreme Court considered several quitclaim deeds a spouse signed.
Check the requirements of a valid quitclaim deed in your jurisdiction (i.e., # of witnesses, whether you would have to include your name as well as his as grantors to just you the grantee, attorney, notary).
A Florida quitclaim deed typically must include at least a description of the property, your name as grantor and address, your ex-spouse's name as grantee and address, your signature with your name printed underneath, signatures of two witnesses with their names printed underneath and an acknowledgement by a notary.
An online legal documents provider can help you create an appropriate quitclaim deed.
They then created a false quitclaim deed to another property they owned and thought they were homefree.
Quitclaim deeds offer grantees the least amount of protection under the law, so they typically are not used by parties who do not know one another.
This California Quitclaim Deed complies with California's legal requirements and allows owners to transfer their housing ownership to others.
The Maryland Quitclaim Deed is useful for quick property ownership transfers, usually between family, friends or wholly - owned companies.
This Nevada Quitclaim Deed can be used to quickly and easily transfer real estate ownership from one party to another.
This is why quitclaim deeds are usually the proper legal form.
If you own property in your sole name, for example, and you want to put your adult child on the title, you could use a quitclaim deed.
Quitclaim deeds are much shorter than warranty deeds and easy to prepare.
Just like other loans, your debt and credit score, in addition to a current appraisal, quitclaim deed, and pay assumption will all be taken into account.
Joint tenants wishing to transfer the joint tenancy property together (as one) may also use a quitclaim deed to do so.
Never sign away ownership via a quitclaim deed or other means without consulting a lawyer.
File a quitclaim deed.
A quitclaim deed is the transfer of ownership of real estate from one owner to another.
You may use a quitclaim deed to transfer ownership to joint tenants.
In many cases involving a quitclaim deed, the change in property ownership is done without any exchange of money between the grantor of the property and the grantee.
The quitclaim deed is an easier transfer process than other deeds and is commonly used to transfer ownership in a family.
Quitclaim Deed A deed in which a property buyer assumes any risks associated with the title.
A quitclaim deed transfers property ownership between parties, and by signing this document, your spouse give up any rights to the property.
However, if you're adamant about staying in your home, refinancing and filing a quitclaim deed is the only way to retain ownership.
Download a quitclaim deed from a legal website, such as LegalZoom, or have a real estate attorney prepare your document.
This is the second time I heard of using a quitclaim deed and I would like to know what it is, how to go about using one, and how exactly would this help me.
Usually clouds on title can not be removed except by a quitclaim deed, release, or court action.
The quitclaim deed only refers to ownership.
Filed Under: General, Refinance Tagged with: divorce and mortgages, how to divide a mortgage during divorce, how to handle the house in a divorce, mortgage in divorce situation, quitclaim, quitclaim deed, refinancing after a divorce, refinancing during divorce
A quitclaim deed transfers the ownership of a property without it being sold.
A quitclaim deed is often given to clear the title when the grantor's interest in a property is questionable.
A quitclaim deed is a binding legal document, the same as a warranty deed or other legal documents that may be used to transfer real property from owner by one person to another.
A quitclaim deed is similar to a warranty deed except that it does not offer the clear title protection provided with a warranty deed.
If you have ever looked for a quick and easy way to transfer real estate between family members, you may have used or have at least heard of a quitclaim deed.
As a result, if the person who received property through a quitclaim deed needs to declare bankruptcy, that property they received through the quitclaim deed is a part of the person's assets.
A quitclaim deed, which is often mistakenly referred to as a «quickclaim deed,» allows someone to transfer his rights to real property, such as real estate, to another person.
Therefore, if a quitclaim deed is executed properly — that is, if it has all the appropriate signatures, is notarized, and is filed in the county where the property exists — then the legal transfer of property from one person to another has taken place and has been recorded in the public record.
It is generally unwise to attempt to hide the transfer of property from the bankruptcy court even if that transfer was performed using a quitclaim deed.
Therefore, whereas a title company will use a more formal warranty deed to execute the transfer of property and provide a guarantee of clear title, quitclaim deeds are typically used to transfer property between family members or others who know and trust one another where the need to warranty a clear title is not as important.
This is true even though any individual can execute a quitclaim deed, as opposed to having the deed executed and filed by a title company or an attorney.
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