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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 ...
Ultimately, your divorce agreement should cover all possible scenarios to protect both parties from credit and financial harm. One of the biggest decisions divorcing couples face is what to do ...
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.
It comprises a complaint that the ownership (title) of a parcel of land or other real property is defective in some fashion, typically where title to the property is ambiguous – for example, where it has been conveyed by a quitclaim deed through which the previous owner disclaims all interest, but does not promise that good title is conveyed.
A divorce of the parties to the marriage who own a property in a tenancy by the entirety automatically breaks the unity of marriage, leaving the default tenancy. [15] In death or divorce, there is a right of survivorship in the remaining spouse. [15]
An example would be a misspelling on a document or a document not being filed correctly. [5] These types of errors can usually be resolved by filing a quitclaim deed. Quitclaim deeds should only be used for minor issues that cause a cloud on title due to their limited guarantees. [5]
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