Quit Claim Deed Archives | Page 3 of 6 | ThinkGlink
questions@thinkglink.com
TwitterFacebookLinkedinYoutube

Quit Claim Deed

A quit claim deed allows the owner to sign over all ownership and financial interests in a property. For example, Sam can quit claim his interest in the Brooklyn Bridge to Ilyce. If he doesn’t actually own the Brooklyn Bridge, the quit claim would be worthless.

But if Ilyce quit claims her interest in her home to Sam, and she actually owns the property, then the quit claim deed would have value, and Sam would own the property. Once Sam owns the property, he can do with it what he wants. That’s why you have to take extreme care before executing a quit claim deed. A quit claim deed transfers any interest you may have in a property to someone else with no guarantee that there are no other claims against the property.

We have dozens of articles on quit claim deeds. Look below for our “Quit Claim Deed Articles” (bottom left column of this page) and our title insurance videos below (“Related”). Buy a Quit Claim Deed form from the ThinkGlink.com Store. (Click on Store tab above).

Creditors Can Unwind Quit Claim Deed

By | September 11th, 2008|

Is it safe to quit claim deed a house in order to save the home? The mom has breast cancer and faces high medical bills and worries about losing her home to creditors. Signing a quit claim deed will not protect the home from creditors. An estate planner can discuss the family's options.

Quit Claim Deed And Mortgage Scam

By | August 6th, 2008|

When you sign over your property to someone else using a quit claim deed, you're only transferring ownership - you're still responsible for the mortgage. Even if the person who you're naming on the quit claim deed promises to make payments on your mortgage, there's a risk he or she won't. And since your name is still on the mortgage, you're still ultimately responsible for making payments. Read more about how quit claiming your home to a stranger who promises to make mortgage payments may be a scam.

Quit Claim Deed Restores Ownership After Bankruptcy

By | July 21st, 2008|

If you go through financial hardship such as bankruptcy you may decide to remove yourself from a property title. After your financial hardship (including bankruptcy) has passed, you may want to add your name back to the property title. Learn how you can add your name back to the title using another quit claim deed.

Will Supersedes Quit Claim Deed

By | July 21st, 2008|

When you sign a quit claim deed you relinquish ownership rights to a property to another person. If that person has you as the heir in his or her will you should get the property back. If you're not listed in the will, then the quit claim deed stands and the property goes to the heirs named in the will. To sort this out you'll need to review the quit claim deed and the will and possibly contact an estate attorney.

Quit Claim Deed And Divorce

By | July 10th, 2008|

What does it means to sign a quit claim deed? If you're ever asked to sign a quit claim deed read it carefully. Quit claim deeds can be used to add or remove someone's name from a title. What effect does signing a quit claim deed have on a person's rights to the home? And what happens to the property during a divorce?

Quit Claim Deed And Mortgage Assumption

By | July 10th, 2008|

Managing real estate from out of state can be difficult. You may be able to get a family member to agree to take over mortgage payments on a property that you own but your name remains on the mortgage loan unless that loan gets refinanced. A quit claim deed transfers property ownership rights but does not change who's responsible for the mortgage. You should first try to work out a situation like this with family members and if it doesn't work out you may have to hire an attorney.

Quit Claim Deed Means Giving Up Ownership Rights

By | June 5th, 2008|

When you sign a quit claim deed you're giving up your ownership rights to that property. If the person who has the remaining ownership rights dies, his or her heirs will inherit the property. Former spouses who sign quit claim deeds give up all rights to those properties. Learn about some possible inheritance scenarios after quit claim deed has been signed.

Quit Claim Deed And Inheritance

By | May 15th, 2008|

When you give someone a share of your property's ownership using a quit claim deed it is irreversible. Even if you change your mind later, the quit claim deed remains in effect. To sort out a situation like this about a quit claim deed you should contact a real estate attorney.

Quit Claim Deed Gives Up Marital Rights To Real Estate

By | May 2nd, 2008|

When you get separated one of the spouses may sign a quit claim deed giving up rights to real estate. Because of the quit claim deed, it's less likely that the property will be considered a marital asset by the courts. The signing of the quit claim deed gives the spouse who now owns the property a good case for saying that it belongs only to him or her.

How Does A Quitclaim Deed Work?

By | April 18th, 2008|

How does a quitclaim deed work? A quitclaim deed does not change the mortgage terms, no matter how it was signed or works. A quit claim deed transfers any interest a person has in a piece of real estate to another person.

see more posts

Archives

Recent Tweets