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Is interspousal deed more appropriate than quit claim deed?

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maelove3 Joined: 28 Jul 2009 Posts: 1 1.77 Dollars($)	Posted: Tue Jul 28, 2009 7:39 am    Post subject: Is interspousal deed more appropriate than quit claim deed? Like 0 Dislike 0 Is Interspousal Transfer Deed more appropriate that Quit Claim Deed? We live in California?...Hello I live in California and unfortunately am facing a divorce after 28 yrs of marriage. My husband is willing to sign a quit claim deed to me for our home. Would it be better to have him sign the Interspousal Transfer Deed? By signing either form, will he lose all interest in the property and not be able to take out any loans or have any creditors place lien on my home in the future should he default on other credit related obligations. (He's experiencing a major midlife crisis and I want to make sure I'm doing this right the first time.) Also will he be able to make any changes to the mortgage or take out other mortgages after signing either one of these forms?
kentmark0 Joined: 25 Jul 2009 Posts: 49 0.00 Dollars($)	Posted: Tue Jul 28, 2009 11:06 am    Post subject: Like 0 Dislike 0 in case of divorce & Community State, Interspousal Transfer Deed is a better option. As it is a confirmation that your husband will not have any ownership right on the propertyy & he is giving all existing rights on the mentioned property to you.
wolverine Guest	Posted: Thu Oct 01, 2009 11:23 am    Post subject: quit claim vs. interspousal transfer Like 0 Dislike 0 Similar situation for me (live in CA, divorcing). Difference is that the property my spouse needs to "quit" from is in another state, not a community property state. Is interspousal transfer still preferred and why is it preferred? Also, any fees other than recording fees? Does the lender typically charge any fee?
sunnyca2009 Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)	Posted: Thu Oct 01, 2009 8:52 pm    Post subject: Like 0 Dislike 0 If there is a mortage then quit claim deed will not stop the lenders from taking over the house even after your husbdna sings the quit claim deed But once he sings the quit claim deed he do nto ahve any ownership in the property Make sure to notarize it and record it in the county office

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