Quitclaim Deed Remove Digital Signature For Free

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.

Can I reverse a quit claim deed?Once a quit claim deed has been completed and filed with the County Clerk's Office, the title will officially pass from the grantor to the grantee. The only way to reverse a quit claim deed is to go to court and prove that the grantor was forced to sign the document under duress.

Quitclaim deeds (sometimes erroneously called "quit claim deeds" or "quick claim deeds") are legally binding documents that do not require a lawyer's time to fill out and file.

Under the gift tax rules, the grantor must pay tax on the property through a federal income tax return. The recipient of the property is allowed to pay the tax if she agrees to make the payment. Individuals are allowed an exclusion of $13,000.

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.

A quitclaim deed can quickly remove you from a property's title and terminate your ownership interests. A quitclaim does not however, remove you from the mortgage or the responsibility to make payments.

Quitclaim deeds transfer title but do not affect mortgages.If the grantor has quitclaimed the property with the belief that the grantee will make the mortgage payments, the grantor has no recourse if the grantee stops making payments or sells the property to another party.