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Prior to getting married, my husband purchased a home that has since been through foreclosure. There was a second on the home, and they are now coming after him for the balance plus interest. We now have another home through a private lender with both of names on the deed. We have come to learn that this bank can attach or lien any property that he owns. Would filing a quit claim deed to remove his name from this current deed save us from a lien on this current property?

smithsussane · Posted: Thu Sep 22, 2011 8:47 pm Post subject:

Hi WatercolourMT!

Welcome to forums!

If your husband removes his name from the property deed by signing a quitclaim deed, then he won't remain the owner of the property. In such a situation, the lender won't be able to attach any lien on that property.

Feel free to ask if you've further queries.

Sussane

sabrinatoss · Posted: Thu Sep 22, 2011 9:52 pm Post subject:

Hello watercolur?

A quitclaim deed only conveys whatever title the grantor has, if any. A person quits all claim to a property in question. It delivers no guarantees or warrantees. It offers the least amount of protections. A quitclaim deed is often used when a party conveys their interest pursuant to a divorce decree, or when the grantor is not certain of the title to the property.

The best deed for a grantee is a general warranty deed and every buyer of real property should have a comprehensive title examination performed by a professional prior to accepting delivery of any deed.

Idea

Guest

Sussane

Thank you! That was the answer I was hoping for. I hope this works.

smithsussane · Posted: Fri Sep 23, 2011 9:02 pm Post subject:

You're welcome, watercolor!! Smile

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