This form is a Quitclaim Deed where the grantors are two individuals and the grantee is an individual. Grantors convey and quitclaim the described property to grantee. This deed complies with all state statutory laws.
A Yonkers New York Quitclaim Deed — Two Individuals to One Individual is a legal document that transfers ownership of a property located in Yonkers, New York, from two individuals to a single individual using a quitclaim deed. This type of deed is commonly used when there is a need to transfer property ownership between closely related parties, such as from spouses to one spouse or from parents to a child. A quitclaim deed differs from a warranty deed as it does not guarantee the title or provide any warranties regarding the property's ownership or condition. Instead, it simply transfers the interest or claim that the granters (the individuals selling the property) have in the property to the grantee (the individual buying the property). It signifies that the granters are relinquishing any rights or claims they may have had in the property. There are different types or circumstances in which a Yonkers New York Quitclaim Deed — Two Individuals to One Individual may be used. These variations are: 1. Yonkers New York Quitclaim Deed — Spouses to One Spouse: This type of quitclaim deed is used when a married couple wants to transfer their jointly owned property to one spouse solely. This commonly occurs during divorce or separation when one spouse wishes to keep the property solely in their name. 2. Yonkers New York Quitclaim Deed — Joint Owners to One Individual: This type of quitclaim deed is used when two or more individuals share ownership of a property and decide to transfer their combined interests to one individual. This may occur when co-owners want to dissolve their shared ownership, or when one co-owner wants to buy out the others' interests. 3. Yonkers New York Quitclaim Deed — Parents to Child: This type of quitclaim deed is used when parents want to transfer ownership of a property to their child. This may occur as part of an estate plan or to provide the child with a home or property gift. In all these scenarios, it is essential to consult with an experienced real estate attorney or a title company to ensure the process is completed correctly. Additionally, it is recommended to conduct a title search to identify any potential liens, encumbrances, or legal issues that may affect the property's title before proceeding with the quitclaim deed.
