A Yonkers New York Quitclaim Deed from Husband and Wife to Husband and Wife is a legal document that facilitates the transfer of ownership of real property between a married couple in the city of Yonkers, New York. This type of deed is commonly used in cases where a couple wishes to transfer ownership of a property they jointly own to both spouses, or in situations where they want to adjust the ownership percentages of the property. A Quitclaim Deed is a legal instrument used to transfer the interest or rights a person has in a property to another person without providing any warranties or guarantees about the property's title. It differs from a Warranty Deed, where the granter provides certain assurances about the property's title and guarantees its validity. In the context of Yonkers, New York, there may be several types of Quitclaim Deeds that couples can utilize to transfer property between themselves. These may include: 1. Yonkers New York Joint Tenancy Quitclaim Deed from Husband and Wife to Husband and Wife: This type of deed is commonly used by couples who own the property as joint tenants. It allows for the transfer of ownership interests between spouses without affecting the joint tenancy arrangement, meaning that both spouses will still retain equal rights to the property. 2. Yonkers New York Tenancy in Common Quitclaim Deed from Husband and Wife to Husband and Wife: In cases where a couple owns the property as tenants in common, this type of deed allows them to transfer their respective ownership interests to each other. Unlike joint tenancy, tenants in common have separate and distinct ownership interests in the property, and each individual can transfer their specific share to their spouse through the quitclaim deed. 3. Yonkers New York Community Property Quitclaim Deed from Husband and Wife to Husband and Wife: If the property is considered community property in Yonkers, New York, this type of deed enables a married couple to transfer ownership interests between themselves while preserving the community property status of the asset. Community property is jointly owned by both spouses and is generally subject to equal division in the event of a divorce or separation. It is important to note that while a Quitclaim Deed can facilitate the transfer of ownership between married couples, it does not guarantee the absence of any liens, encumbrances, or defects on the property's title. It is advisable to seek legal counsel or consult a professional title agency when engaging in real estate transactions involving quitclaim deeds to ensure the smooth transfer of ownership rights.