Archive for the ‘what is a quit deed’ Category
Quit Claim Deed In Divorce, with Judgment?
I had posted earlier about a Quit Deed and what it means.
My fiance’s divorce was awarded on 10/07/2009, this is a copy of how the judgment in worded:
Judgment on Dissolution
[13] Judgment and Decree entered – marriage dissolved; no child support awarded; no maintenance awarded; real property located at (address removed for security purposes) awarded to Petitoiner; Petitioner to pay to Respondent $2500.00 as property equalization; personal property and indebtedness as per memo filed; Respondent’s maiden name of Klement restored.
His ex also signed a Quit Claim Deed, which the judge mandate that she sign.
However my concern is that the Mortgage statments still come with both their names on it. The bank will not remove her name, even though she signed a quick claim deed. Right now my fiance is unable to re-finance.
I am getting ready to put a lot of money in fixing up the house and property and need to make sure that she can not move in or try to take the house back at any time.
She likes to go around and tell everyone that it is her house, but my fiance pays the mortgage payment, all insurance is solely in his name…etc.
I just need to make sure that this means she can not come in and demand immediate re sale of the house.
Can you quit deed a condo back to bank & what about the home owners association dues?
The condo market value is 1/2 what is still owed and no one wants to rent it because the neighborhood is full of drug dealers now> past renters have torn it up and it cost more to fix it up then what you make in rent all year.
What happens to the Tax money in Escrow once you sign over a Quit Claim Deed?
So I purchased a House in August 2006 w/ my partner. I ended up selling my half of the property in the end of April 2007. I signed a Quit Claim deed and sold for the amount of $2,000…. I was just curious .. What happens to that Tax money I put when I bought the house orginally. I think we had to pay a year’s tax or something like that in Escrow?
what kind of deed we need to change the ownership of real property?
Me and my wife are seperating, we have a house and the title with our both names on it. I just want to get my name off the property, do I file the quit claim deed or the interspousal grant deed in the county? I am in California. Please help. thanks.
Question about the ex and a quit claim deed…?
When my husband bought his house he was married to his ex. They were having some trouble and she refused to be on the mortgage at all. My husband took out the mortgage and his father is the cosigner. Then, she was added to the deed (She didn’t want to have the liability of the mortgage but wanted a piece of the asset). When they divorced, my husband was awarded the house in the property settlement- there was no provision for any kind of sale or compensation to be paid to her. Then, he decided to move, put a for sale sign in the yard and everything. She asked if she could purchase it from him. He agreed and said she could purchase it from him for the amount they purchased it for (which is a deal b/c it was a HUD home and appraised at a much higher value than what he purchased it for). He and I were in a hurry to move and allowed her to move in and take over the mortgage payment- we knew she wouldn’t default on it because she has the children and they need a roof over their heads
We all agreed that we would give her a few months to get it financed because it all happened so fast and we needed to be out of there. My husband signed a quit claim to her and she hasn’t missed a payment. The problem is, now, a year later she has yet to obtain her own mortgage and it is costing my husband and me money because we are renting- we can’t buy until she finances that house and it is out of my husband’s name. My question is- is there any way that we can force her to finance, legally? All three (the ex, my father in-law and my husband) are on the deed. ONLY my husband and his father are on the mortgage. My husband did not sign a quit claim to his father, just to his ex and his father does not agree to let him out of his obligation to the house.
Apparently she is running into problems with the quit claim now because she has come to us saying that it has to be re done I don’t know if it wasn’t valid, didn’t have enough info or if it got lost or something but…OBVIOUSLY we aren’t going to sign anything else until it is financed.