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Tina Marie
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Post subject: Quit Claim Deed |
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| I recently got married. My husband purchased property previous to our marriage. He is now requesting that I quit claim his properties and the documents claim that I "forever" release myself from these properties. He states that he will not be able to make any type of transactions without my signature. What does this all mean? It is to my inderstanding that he now needs my signature on his properties since we are now married. |
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Caron
Moderator
Joined: 19 Jul 2005
Posts: 1562
Location: florida
266.54 Dollars($)
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Post subject: RE: spouse quitclaim interest |
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Hi Tina,
Welcome to our forums.
If your husband states that he will not be able to do any transaction without your signature then I don't understand why he's asking you to release your interest in property.
For any property related transaction, your signature will be needed only if you are on the title. But what your husband is saying and what he's asking you to do is totally contradictory. By the way, do you stay in a community property? what is the name of your state? and moreover, is your name on the title?
In case of community property, spouse does not have interest in property which is acquired before marriage.
_________________
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TAM
Guest
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Post subject: QUIT CLAIM |
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| If you signed a quit claim form, will you have entitlment to your share of intrest in the property if your name is still on the home owners insurance? |
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larry
Joined: 27 Jun 2007
Posts: 3328
474.44 Dollars($)
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Post subject: |
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Hi TAM,
Welcome to the forum.
It actually depends on how you structure the deed. If you quitclaim to you and someone else then you will have an interest on that property. That means you are signing the deed as a grantor and the grantee is you and someone else. This is done primarily to add someone in the deed.
But if you quitclaim only to someone else then you will have no interest on that property even if your name is still on the home owners insurance.
Hope it is clear to you.
Feel free to ask if you have any further questions.
Best of luck,
Larry |
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fred
Guest
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Post subject: confused |
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| i'm divorced,and my ex is going to sell the house. but wants me and my present wife to sign a quit claim deed. if i sign this do i give up all right to the property |
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larry
Joined: 27 Jun 2007
Posts: 3328
474.44 Dollars($)
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Post subject: |
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Hi fred,
Welcome to the forum.
If you quitclaim the property to your ex that means you have transferred the property to your ex.
BTW is it a mortgaged property? If so then ask her to refinance the mortgage on her name only. Otherwise you will still be on the mortgage and after the sale if there is any due on the mortgage you will also be responsible for that.
Feel free to ask if you have any further questions.
Best of luck,
Larry |
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