Quit Claim Deed
A quit claim deed is a type of real property deed in which the owner of the properly transfers his or her portion of interest in the property to another individual. The property covered by these deeds is usually land, a building, or a house or condo. These deeds are very common in cases of divorce in which one spouse chooses to transfer a piece of property he or she owns into his or her spouse’s name, often as part of the settlement agreement.
Although the quit claim deed transfers rights to the title of the property, it is important to note that it does not transfer obligation for the mortgage of the property. To find out more about quit claim deeds and how they may be of use in your impending divorce case, contact the Denton divorce lawyers of Alexander & Associates by calling 972-420-6560.
Reversing a Quit Claim Deed
As a general rule, after a quit claim deed is signed, there is little the grantor can do to get that property back. The only exceptions are if:
- The grantee (often the divorced spouse) decides to grant the property back through another legal document.
- The deed is proven invalid. A quit claim deed can be proven invalid if there is proof that it was signed under external pressure or the grantee forced the signing by telling false information.
Quit claim deeds can be an easy way to split property during a divorce, but the decision to create such a deed should not be done hastily.
To find out more about quit claim deeds, contact the Denton divorce lawyers of Alexander & Associates by calling 972-420-6560 today.
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