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2. Transmutation agreement - Wikipedia

   en.wikipedia.org/wiki/Transmutation_agreement

   Transfers of property between spouses are generally nonrecognition events for income tax purposes, as they are always considered to be gifts with carryover basis. There are a couple of exceptions: (i) transfer to a spouse who is a nonresident alien at the time of the transfer; (ii) transfer in trust, to the extent that the sum of the ...

3. Internal Revenue Code section 1041 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   The general rule in § 1041(a) is that no gain or loss shall be recognized on a transfer of property from an individual to a spouse; [1] or a transfer of property to a former spouse if the transfer is incident to the divorce. This rule also applies on a transfer of property from a trust for the benefit of a spouse or former spouse if the ...

4. Quitclaim - Wikipedia

   en.wikipedia.org/wiki/Quitclaim

   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.

5. Transferring a mortgage: How it works - AOL

   www.aol.com/finance/transferring-mortgage-works...

   For these mortgage transfers to work, the new borrower needs to be added to the property’s deed, the deceased owner needs to be removed from the deed or a spouse relinquishing ownership must ...

6. What is a clear title? How to check if a property has one - AOL

   www.aol.com/finance/clear-title-check-property...

   When a property has a clear title, that means the title is free from liens or other claims that could call its ownership into question. If you're buying a home with a mortgage, your lender will ...

7. Title (property) - Wikipedia

   en.wikipedia.org/wiki/Title_(property)

   Properties that are sold on the basis of equitable title have a legal chain of title intact, and a recorded transfer with the local municipality. Legal title is actual ownership of the property as when the property has been bought, the seller paid in full and a deed or title is properly recorded. Equitable title separates from legal title upon ...