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Can grantor also be a grantee? What would the advantange be for wife (grantor) provide quitclaim deed to grantee (husband and her)? She might be involved in legal action where her house is in jeopordy. Would this stop or minimize her exposure?

sara's picture
sara | Joined: July 5, 2006 03:16 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Dbowen,

Yes, a grantor can also be the grantee. For instance, you may quit claim a property as a grantor to some other person (grantee). If the same person quit claims the property back to you, then you will be regarded as the grantee. And, the person becomes the grantor.

Happy Christmas!

Thanks,

Sara

Like | Dislike | Share | Posted: Sun, 12/24/2006 - 19:25 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

The wife holds a share of interest in the property along with the husband after the quit claim is done. The wife has the right to use her share of property in her own way.

The wife may not be involved into any legal action if the husband suffers a loss or fails to maintain payments against the house. But she may have to pay either for her share of property or the whole if she wishes to save the home from being taken away by creditors.

Like | Dislike | Share | Posted: Sun, 12/24/2006 - 20:34 | Post subject:

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