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jackiedungan · Joined: 20 Oct 2007 Posts: 1 1.31 Dollars($)

A parent wanting to quitclaim deed it to more than one child.
Do the grantees have to qualify like they would for a loan or mortgage on the property?

livinginnky · Posted: Sat Oct 20, 2007 9:37 am Post subject:

No, as long as you don't owe anything. If they are needing a mortgage then yes they would need to qualify.

A quit claim deed transfers ownership of a property but does not guarantee the transferring party has the right to do so. That is all that it does. If you know a property has clear title it doesn't really matter. However when possible it may be better to use a warranty deed. Just depends on the situation.

Guest

Hi,

Yes, it is possible to quit claim property to more than one grantee.

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

Hi,

A quitclaim deed can be given to more than one grantee and the grantees need not to qualify for it. They may need to qualify for a loan or mortgage on the property but not for the quitclaim deed.

With best wishes,
Larry

liaoyu03 · Joined: 09 Sep 2007 Posts: 166 4.48 Dollars($)

A quitclaim deed can be given to more than one grantees.No matter what will happen, example their mortgage,loan,credit. they will not affect the grantee of the quitclaim. if the parents have a loan on the property, the loan will be transfer to the grantee. but they would better let the lender to be notified.

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can a quitclaim deed be given to more than one grantee?