This form is a Quitclaim Deed where the grantors are three individuals and the grantees are husband and wife. Grantors convey and quitclaim the described property to grantees. The grantees take the property as tenants by the entireties, joint tenants with the right of survivorship or as tenants in common. This deed complies with all state statutory laws.
Virginia Quitclaim Deed - Three Individuals to Husband and Wife
Category:
State:
Virginia
Control #:
VA-023-77
Format:
Word;
Rich Text
Instant download
Description Virginia Quit Claim Deed
Free preview Quitclaim Deed Virginia
How to fill out Virginia Quitclaim Deed - Three Individuals To Husband And Wife?
Searching for a Virginia Quitclaim Deed - Three Individuals to Husband and Wife online might be stressful. All too often, you see files that you simply think are ok to use, but find out later on they’re not. US Legal Forms offers over 85,000 state-specific legal and tax forms drafted by professional lawyers according to state requirements. Get any form you are searching for in minutes, hassle-free.
If you already have the US Legal Forms subscription, just log in and download the sample. It’ll immediately be added in your My Forms section. In case you do not have an account, you must sign-up and select a subscription plan first.
Follow the step-by-step recommendations below to download Virginia Quitclaim Deed - Three Individuals to Husband and Wife from the website:
- Read the document description and press Preview (if available) to check whether the template meets your expectations or not.
- If the document is not what you need, get others with the help of Search engine or the provided recommendations.
- If it is right, just click Buy Now.
- Choose a subscription plan and create an account.
- Pay via card or PayPal and download the template in a preferable format.
- Right after downloading it, it is possible to fill it out, sign and print it.
Get access to 85,000 legal forms right from our US Legal Forms library. In addition to professionally drafted templates, users may also be supported with step-by-step guidelines regarding how to find, download, and complete forms.
Form popularity
FAQ
A quitclaim deed affects ownership and the name on the deed, not the mortgage. Because quitclaim deeds expose the grantee to certain risks, they are most often used between family members and where there is no exchange of money.Quitclaim deeds transfer title but do not affect mortgages.
You will need to have the quitclaim deed notarized with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
It is also crucial that a spouse know about the loan, even if he or she is not on the mortgage. In general, the spouse must sign a deed of trust, the Truth in Lending and Right to Cancel documents. By signing these documents, they are simply acknowledging the existence of the mortgage.
In order to transfer ownership of the marital home pursuant to a divorce, one spouse is going to need to sign a quitclaim deed, interspousal transfer deed, or a grant deed, in order to convey the title to the property.
If you sign a quitclaim deed to release yourself from ownership of the property or a claim to the title, then that doesn't mean you are no longer held accountable for the mortgage payment.Otherwise, you may be held responsible for unpaid payments despite no longer having a claim to the title.
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.
Misconceptions and Realities. It is a misconception that someone can be removed from the deed. Nor can a co-owner simply take away another party's interest in a property by executing a new deed without that other party. In short, no one can be passively removed from a title.
In states like California and Florida, the spouses may use a quitclaim deed to transfer the property without warranting title. Other stateslike Texasrecognize a similar type of deed called a deed without warranty.