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Quit claim deed for time share.

Posted on: 19th Jan, 2007 05:31 pm
my ex and i own a time share property together that has been paid off for years. i do not want to have this property and i am willing to transfer all ownership to him without any compensation. if i do a quit claim deed, if there are no liens at the time of the deed, will i have any future liability if he doesn't pay the yearly maintenance fees and a lien is placed on the property?
Hi Maddie,

If the quit claim deed is made out correctly, notarized and recorded with the recorder's office in your county then you will not have any liability left over the property. You will not be responsible for any lien placed in future over the property also.
Posted on: 19th Jan, 2007 05:45 pm
Hi Maddietee,

Welcome to the forums.

If you have thought of quit claiming the property to your ex-husband, then he will be the owner and hence it will be his responsibility to pay the maintenance fees. But if he fails to pay the fees, then probably there can be a lien placed on the property.

Thanks,

Sara
Posted on: 19th Jan, 2007 08:11 pm
No Maddie, you will no longer have any liability after you quit claim the property. But all depends on whether your ex will be willing to take over the home.
Posted on: 20th Jan, 2007 04:41 am
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