This Quitclaim Deed from Husband to Himself and Wife form is a Quitclaim Deed where the Grantor is the husband and the Grantees are the husband and his wife. Grantors convey and quitclaim the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. This deed complies with all state statutory laws.
A quit claim deed, completed with a mortgage, is a legal document commonly used in real estate transactions. It allows the transfer of ownership interest in a property from one party to another. The presence of a mortgage in this scenario refers to an existing loan or debt that is associated with the property being transferred. In such cases, the person transferring their interest in the property (granter) uses a quit claim deed to release any rights, claims, or interests they may have in the property to the recipient (grantee) while making them aware that there is an outstanding mortgage on the property. This means that the grantee accepts the property with the mortgage attached. Keywords: quit claim deed with mortgage, real estate transactions, transfer of ownership, legal document, existing loan, outstanding mortgage, property transfer, rights and claims. Different types of quit claim deeds completed with a mortgage may include: 1. Traditional Quit Claim Deed with Mortgage: This is the standard type wherein the granter conveys their interest in the property to the grantee while disclosing the existence of a mortgage. The grantee accepts the property subject to the mortgage. 2. Quit Claim Deed with Assumption of Mortgage: In this scenario, the grantee takes over the mortgage debt from the granter. The grantee assumes the responsibility for making mortgage payments and becomes liable for the outstanding balance. 3. Quit Claim Deed with Subject To Mortgage: Here, the grantee agrees to take ownership of the property but isn't liable for the current mortgage. The grantee takes the property "subject to" the existing mortgage, meaning that the granter remains responsible for the debt. 4. Quit Claim Deed with Release of Liability: This type of deed is used when the granter aims to release themselves from the mortgage liability entirely. The granter transfers their interest in the property to the grantee, and the grantee assumes full responsibility for the mortgage debt. Please note that while this content provides a detailed description of quit claim deeds completed with a mortgage and outlines various types, it is important to consult a qualified attorney or real estate professional for specific legal advice and guidance regarding your situation.
