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Difference between quit claim deed and grant, bargain, sale

Posted on: 29th Mar, 2008 01:36 pm
Post Your detailed question here.I purchased a house with my fiance about 5 years ago we have decided to split up and he says he will do what ever needs to be done to sign the house over to me. I am not able to re-finance due to the fact i do not have a job at this time. He is helping to keep the mortgage current until i am able to get a job. He has creditors calling because he has taken some loans and is deliquent i want to protect the home we purchased together. We are both on the mortgage loan and title. Is he still responsible for the loan even if he quit claims the house. Also a realtor told me i would be better off doing a grant, bargain, sale deed form. I do not know the difference. Please HELP!!!!
Hello Dupuy and welcome to Mortgage Fit Forum

This is a means of transferring ("selling") real estate from one owner to another without triggering specific warranties of any kind, although it does appear to convey whatever ownership the grantor actually has, without using the words convey or grant. It is somewhat different from a quitclaim deed in which the grantor does not claim to have actually had any interest in the property, but grants whatever he may have had, if any, to the grantee. Thus, In a grant Deed the grantor is promising that they haven't sold the property to anyone else and that they haven't encumbered the property with any liens.

Hope this helps and hope you will find a job soon.

Thanks and good Luck,

Jeanette Smith
Mortgage Planner
Union Mortgage Group
cell 757-338-1889
office 757-306-3300
Posted on: 30th Mar, 2008 06:48 am
Hi dupuy,

Welcome to the forum.

I agree with Jeanette. You can use this bargain and sale deed instead of a quitclaim deed. But it will be better in you consult with you lender first regarding this.

Best of luck,
Posted on: 31st Mar, 2008 03:01 am
my husband and i were given a house by a friend,how do we put the house in our name .
Posted on: 10th Mar, 2009 06:35 pm
Hi keyoka,

To change the title of the house to your name, all you need is to get a quitclaim deed signed by the actual owner of the house through which he/she would be transferring his/her property-interest to both of you. Then, you need to get the deed notarized and recorded to make it valid.
Posted on: 12th Mar, 2009 07:42 am
If I have a mortgage against a property and did a grand bergain sale deed, and want to modify the terms of the mortgage, is it going to be with my information or with the person i did the grand with?
Posted on: 07th Jul, 2011 07:30 am
welcome mari,

the person to whom you transferred the property should contact the lender and refinance the mortgage. it the new owner's information which will be taken into consideration.
Posted on: 07th Jul, 2011 10:51 pm
I purchased a house when I was single. I am married now and want to just change my name on the grant bargain sale deed. I don't want to add my husband, just change my name. I live in Nevada. How do I do this?
Posted on: 14th Nov, 2011 02:59 pm
Welcome Rachelrichards,

You can use a quitclaim deed in order to change your name on the property deed. You can contact a real estate attorney and he will help you in drafting the deed.
Posted on: 14th Nov, 2011 10:17 pm
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