Why would someone do a quit claim deed?

Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.

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California Quitclaim Deed from an Individual to Two Individuals

California Quitclaim Deed from an Individual to Two Individuals

Name: California Quitclaim Deed from an Individual to Two Individuals
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.85 (358 reviews)

Category:

California Real Estate - Deeds - Quitclaims

State:

California

Control #:

CA-050-77

Format:

Instant download

Description

This form is a Quitclaim Deed where the Grantor is an individual and the Grantees are two individuals. Grantor conveys and quitclaims the described property to Grantee. This deed complies with all state statutory laws.

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FAQ

The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.

It's usually a very straightforward transaction, but it's possible for a quitclaim deed to be challenged. If a quitclaim deed is challenged in court, the issue becomes whether the property was legally transferred and if the grantor had the legal right to transfer the property.

A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.

If the quitclaim deed requires the signature of all co-owners, the deed is invalid unless all co-owners have signed it and the deed is then delivered to the grantee.If one individual owns real estate and desires to add a co-owner such as a spouse, a quitclaim deed might be used.

Filing a quitclaim deed is a right of any property owner. You can file a quitclaim deed without refinancing your mortgage, but you are still responsible for the payments. Transferring the mortgage without refinancing is possible through an assumption of the loan, which requires lender approval.

1Fill out the form. Complete the form using a typewriter or by printing neatly using black ink.2Sign in front of a notary.3Get a Preliminary Change of Ownership Report (PCOR).4File the forms.5Give the deed to the grantee.

Can I use a Quitclaim Deed to transfer a portion of my property to someone? Yes, you can do this by listing yourself as the Grantor, and both you and the other person as the Grantees. Each Grantee would receive an equal share of the property.

Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.

California Quitclaim Deed from an Individual to Two Individuals

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FAQ

What are the disadvantages of a quit claim deed?

Can a quitclaim deed be challenged?

Does a quitclaim deed give you ownership?

What makes a quit claim deed invalid?

Can you quit claim a property with a mortgage?

Part 2 of 2: Filing a Quitclaim Deed

Can I quit claim half my property?

Why would someone do a quit claim deed?

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