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California Quitclaim Deed From Two Married Couples to One Married...

Oxnard California Quitclaim Deed From Two Married Couples to One Married Couple and One Individual

Name: Oxnard California Quitclaim Deed From Two Married Couples to One Married Couple and One Individual
Brand: US Legal Forms
Rating: 4.83 (431 reviews)

Category:

California Real Estate - Deeds - Quitclaims

State:

California

City:

Oxnard

Control #:

CA-032-77

Format:

Instant download

Description

This form is a Quitclaim Deed where the grantors are two married couples and the grantees are a married couple and an individual. Grantors convey and quitclaim the described property to grantees. Grantees take the property as tenants in common or as joint tenants with the right of survivorship. This deed complies with all state statutory laws.

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FAQ

Both types of legal documents serve the same function of transferring ownership of real property. The fundamental difference between quitclaim deeds and grant deeds is the level of protection and warranty provided to the grantee.

Today, Californians most often transfer title to real property by a simple written instrument, the grant deed. The word ?grant? is expressly designated by statute as a word of conveyance. (Civil Code Section 1092) A second form of deed is the quitclaim deed.

Recording Fee for Quitclaim DeedType of FeeFeeBase Fee G.C. § 27361(a) G.C. § 27361.4(a) G.C. § 27361.4(b) G.C. § 27361.4(c) G.C. § 27361(d)(1) G.C. § 27397 (c) Subsection 1$15.004 more rows

A California quitclaim deed form is a special type of deed used to transfer real estate without making guarantees about title to the property. A person that transfers property by quitclaim deed makes no promises that he or she owns or has clear title to the property.

California mainly uses two types of deeds: the ?grant deed? and the ?quitclaim deed.? Most other deeds you will see, such as the common ?interspousal transfer deed,? are versions of grant or quitclaim deeds customized for specific circumstances.

If real estate qualifies as separate property, a married individual may take title in his or her name alone. The deed should recite that the property belongs to that spouse as separate property. Although not a strict legal requirement, it is best practice for both spouses to also sign a Separate Property Agreement.

If the wife's name is not on the deed, it doesn't matter. It's still marital property because it was bought during the marriage. This makes it marital property and is still split between both parties. The wife is entitled to receive either equal share or equitable share of the house.

Property and debts acquired during a marriage are joint property in California. This means that each spouse has equal rights and responsibilities in the marital home and any mortgage that's secured by it. When a spouse signs a quit claim deed, he gives up all rights to the property.

The California TOD deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.

In California, quitclaim deeds are commonly used between spouses, relatives, or if a property owner is transferring his or her property into his or her trust. A grant deed is commonly used in most arms-length real estate transactions not involving family members or spouses.

Oxnard California Quitclaim Deed From Two Married Couples to One Married Couple and One Individual

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FAQ

What is the difference between a deed and a grant deed in California?

What is the most commonly used deed to transfer property in California?

How much does it cost to file a quit claim deed in California?

What does a quitclaim deed do in California?

What are the 2 main types of deeds to transfer property in California?

Does my wife need to be on the deed California?

What are my rights if my name is not on a deed but married in CA?

Does a spouse have the right to property after signing a quit claim deed in California?

What is a transfer deed in California?

What is the difference between a quitclaim deed and a grant deed in California?

Interesting Questions

What is a quitclaim deed?

Can two married couples transfer property ownership to another married couple and one individual using a quitclaim deed in Oxnard?

What does it mean for two married couples to transfer property to another married couple and one individual using a quitclaim deed?

Do both married couples need to sign the quitclaim deed?

Can the individual receiving the property own it solely after the transfer?

Can the new married couple sell or transfer the property without the individual's consent?

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