A quitclaim deed transfers property without guaranteeing ownership, making it useful for family or trust transfers but risky for recipients. Learn when it's safe.
Question 1: My husband and I bought a house in January 2006 before we got married. We just got married in March 2007. Do I have to file a quitclaim deed for my name change only? C., Everett Question 2 ...
The Boston Division of the Federal Bureau of Investigation (FBI) issued a warning in April about an unprecedented increase in quitclaim deed fraud. A quitclaim deed is a legal document that transfers ...
For example, if your house was worth $200,000 with a $100,000 mortgage balance when the quitclaim deed is recorded, you would have to pay real estate excise tax on that $100,000 debt assumption.
Deed fraud and identity theft often go hand-in-hand, so it’s important to guard your Social Security number, identification ...
I had a client in this week for her annual review of her fully-funded trust-based estate plan. She asked me about other types of planning by acquaintances about which she has become aware, and the ...
Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...
(NewsNation) — Unsuspecting homeowners are discovering their properties have been sold out from under them in a scam that authorities say is becoming more common: Quitclaim deed fraud. The scheme, ...
What is a quitclaim deed? It's a legal document that transfers any ownership claim, interest, right or title a person or entity may have in a property to someone else. In effect, it releases (or quits ...
A quitclaim deed is a legal document that transfers ownership of a real estate property from one party to another. A quitclaim deed doesn't guarantee that the grantor or signer has any right to the ...
When someone buys or sells a home, the purchase and transfer of the property is always facilitated by a real estate deed — a written document that legally transfers the ownership of a property from ...
A quitclaim deed is a legal document used to transfer ownership interest in a property without it being sold. They are often used in transactions between people who know each other well — a parent ...