Home arrow Mortgage Forums arrow Deeds, Property Transfer and Estate Planning arrow

Which is better a quitclaim deed or warranty deed?

Author Message
Icon Mini Profile mark_hamilton





Joined: 28 Feb 2008

Posts: 2

1.93 Dollars($)
Post Posted: Thu Feb 28, 2008 10:39 am    Post subject: Which is better a quitclaim deed or warranty deed?
Like 0
Dislike 0

A couple years ago I bought a home in florida and at the closing i added my girlfriend to the title. The mortgage is in my name only. Now I want to remove my girlfriend from the title. Which is better for me to pursue a quitclaim deed or a warranty deed?
Icon Mini Profile larry





Joined: 27 Jun 2007

Posts: 3322

474.67 Dollars($)
Post Posted: Thu Feb 28, 2008 11:03 am    Post subject:
Like 0
Dislike 0

Hi Mark,

Welcome to the forum.

In this case you cannot use a Warranty deed because your property is a mortgaged property. You should use a quitclaim deed to claim deed.

Actually you cannot remove her from the deed. Only if she quitclaims back to you then her name will be removed from the deed.

If you want to know more about quitclaim deed check out this article at http://www.mortgagefit.com/quitclaim-deed.html

Feel free to ask if you have any further questions.

Best of luck,
Larry
Icon Mini Profile mark_hamilton





Joined: 28 Feb 2008

Posts: 2

1.93 Dollars($)
Post Posted: Thu Feb 28, 2008 11:20 am    Post subject:
Like 0
Dislike 0

I checked out a quitclaim deed form on the internet and it is asking a question about Prior Grant Information such as volume number, page number, and county. The web site with the quitclaim deed form says Information pertaining to prior grants of your property (such as the book and page number it was recorded on) can be obtained from the County Recorder's Office. I called the county clerks office and they have no idea what "Prior Grant Information" means. Do you have any clue to what Prior Grant Information means and where can I find it?
Icon Mini Profile Caron
Caron
Moderator



Joined: 19 Jul 2005

Posts: 1519
Location: florida
281.04 Dollars($)
Post Posted: Fri Feb 29, 2008 12:19 am    Post subject: RE: quitclaim form
Like 0
Dislike 0

Hi Mark,

Welcome back.

I don't know what a prior grant information is. But as far as quitclaim deed form is concerned, you'll get state-wise sample forms from the forum thread on Quitclaim state-wise forms . In case you don't find your state form there, let me know and i can then help you find one.

Good luck

_________________
Mortgage Shopping made easy with booklet
Icon Mini Profile jheard
jheard
Moderator



Joined: 12 Dec 2007

Posts: 734
Location: Houston, TX
116.72 Dollars($)
Post Posted: Fri Feb 29, 2008 8:03 am    Post subject:
Like 0
Dislike 0

The prior grant is probably the grant in which you received the property interest. The information is probably on the deed from which you received the property. Check for the county recorder's file stamp.
Mark

Guest







Post Posted: Mon Mar 03, 2008 8:45 am    Post subject:
Like 0
Dislike 0

Cool thanks! One other question, in the quitclaim deed do I put me and my girlfriend as "grantors" or do I just put her as the "grantor" and me as the "grantee"?
Icon Mini Profile Caron
Caron
Moderator



Joined: 19 Jul 2005

Posts: 1519
Location: florida
281.04 Dollars($)
Post Posted: Tue Mar 04, 2008 12:38 am    Post subject: RE: grantor and grantee
Like 0
Dislike 0

Hi Mark,

Welcome back.

Since both of you are on the title, so the deed should mention both of your names as grantors and you as the grantee. That is, it is a transfer of property-interest from you and your spouse as grantors to you as grantee only.

Good luck

_________________
Mortgage Shopping made easy with booklet
Icon Mini Profile jheard
jheard
Moderator



Joined: 12 Dec 2007

Posts: 734
Location: Houston, TX
116.72 Dollars($)
Post Posted: Tue Mar 04, 2008 8:34 am    Post subject:
Like 0
Dislike 0

She is quitclaiming to you. So she would be the grantor and you would be the grantee. You don't quitclaim to yourself.
sunday

Guest







Post Posted: Thu May 14, 2009 10:20 am    Post subject: quick claim deed or warranty deed?
Like 0
Dislike 0

My husband and I want to deed our home to our children due to our age, which is better? If we do, do we have to register this at the county court house?
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 4770
Location: New Jersey
499.28 Dollars($)
Post Posted: Fri May 15, 2009 4:26 am    Post subject:
Like 0
Dislike 0

Hi sunday

You can use a quitclaim deed to transfer the property to your children. Once you sign the quitclaim deed, you will have to notarize it and record it at the county recorder's office.

Thanks.

_________________
Good is the Enemy of Great.
Chandramani Bhatt

Guest







Post Posted: Mon May 25, 2009 7:22 am    Post subject: Quitclaim
Like 0
Dislike 0

I and my wife have been divorce for 12 years. We had bought a coop apartment when we still married. She paid all the money and she owns it.
My name is still hanging with it. I want to remove it from mortgage but bank is giving hard time. What should I do?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10148
Location: Nevada
941.94 Dollars($)
Post Posted: Tue May 26, 2009 12:30 am    Post subject:
Like 0
Dislike 0

Hi Chandramani,

You cannot remove your name from the mortgage. Your wife needs to refinance the mortgage to remove your name from the mortgage docs. You can try convincing her to refinance the loan.

Thanks
river

Guest







Post Posted: Mon Aug 02, 2010 12:00 pm    Post subject: quit claim
Like 0
Dislike 0

I want to quit claim my properties to my wife and take my names off the deeds. How can I do this?
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10030
Location: Alaska
919.49 Dollars($)
Post Posted: Mon Aug 02, 2010 10:03 pm    Post subject:
Like 0
Dislike 0

Hi river!

Welcome to forums!

A query similar to yours has been replied to in the given page:
http://www.mortgagefit.com/quitclaim/avoidliens-onhome-2.html#175345

Take a look at it. Hope it helps you.

Sussane
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Refinance Quotes
Call for Rates
888-485-7561
Speak to a lender now.

We will match calls to our toll free number with our network of lenders.

Ask Questions
Community Attorney
Joshua Heard - Attorney Joshua Heard
Houston, Texas






Highlights
Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

New and upcoming tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool






Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.238 seconds.