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Quitclaim deeds are most often for transferring property between family members or to cure a defect on the title, such as a misspelling of a name.They may also be used when a property transfers ownership without being sold, that is when no money is involved.

An Indiana quitclaim deed is a document that allows a seller to transfer real estate to a buyer in Indiana. A quit claim does not have any warranties as to title, meaning the seller is not guaranteeing that he or she has clear title to the property.

If your name is on the deed but not the mortgage, it means that you are an owner of the home, but are not liable for the mortgage loan and the resulting payments. If you default on the payments, however, the lender can still foreclose on the home, despite that only one spouse is listed on the mortgage.

Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.

The short answer to your question is yes, you can add someone to the mortgage and property title on a cash out refinance. You can add a person to a property title through the mortgage process or by using a quit claim deed at any time before or after you refinance.

Do You Get a New Title When You Refinance?Usually, you will not be issued a new title at the end of the process. An owner's policy is only brought at the original closing. For each separate loan transaction, only a loan policy is purchased.

In This ArticleQuitclaim Deed.Deed of Trust.Warranty Deed.Grant Deed.Bargain and Sale Deed.Mortgage Deed.21 Jan 2020