Ads
related to: quitclaim deed to remove spouse from mortgageA+ Accreditation - Better Business Bureau
- How to Transfer Property
Learn about deed types, property
abstracts, and having proper title.
- Create a Quit Claim Deed
Transfer or divide a property
interest among trusted parties.
- Everything to Know
We guide you through the process
when completing a Quit Claim Deed.
- Start Your Deed Here
Create your Quit Claim Deed
in a matter of minutes. Start now.
- How to Transfer Property
Search results
Results from the WOW.Com Content Network
For example, when a spouse is to acquire the marital home as part of a divorce settlement, the other spouse may be able to transfer their full interest quickly and inexpensively via a quitclaim deed. [10] A quitclaim deed may also be used to transfer title of a property to a purchaser following a foreclosure auction. Typically such a deed will ...
When a property goes into foreclosure, the mortgage company becomes the owner of the property making it challenging for the current resident to sell the property. [5] To remove the cloud on the title being caused by foreclosure, the resident would simply need to pay what is owed on their mortgage. [5] This would remove the cloud on the title. [5]
A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically mentioned, "marketable title" may be specified, implying a warranty deed should be provided.
Once you pay off your mortgage, the mortgage lender — also referred to as the “trustee” — creates the deed of reconveyance document. The lender then signs this document and has it notarized.
An action to quiet title is a lawsuit brought in a court having jurisdiction over property disputes, in order to establish a party's title to real property, or personal property having a title, of against anyone and everyone, and thus "quiet" any challenges or claims to the title.
The quitclaim deed is also sometimes used, although this document is most often used to disclaim any interest in a property rather than selling a property that one owns. A grant deed includes a detailed property description, which helps avoid confusion or disputes regarding the boundaries and characteristics of the property being transferred.
Ads
related to: quitclaim deed to remove spouse from mortgageA+ Accreditation - Better Business Bureau