Quick claim deed , what do you guys know about it ? Did a little search and found this .... This would be for the state of SD .
"A quitclaim deed is a legal document used to transfer property ownership, but it doesn't guarantee the title or ownership rights of the property. It essentially releases any claim the grantor (the person transferring the property) has on the property, but it doesn't guarantee that the grantor actually owns it. "
The part that worries me is the " but it doesnt guarantee the title or ownership rights of the property"
This would be for a home thats been in the family since new.
Thanks
Ask for the title or security deed on the property to see who actually owns it - go to your local county/city tax assessors office and find this out - don't rely upon anyone else other than an attorney - and take no-one's word for anything - get it in writing.
The quit claim is just a release saying that the person signing it waives all future claims of ownership/interest in it.
Basically if you're talking about an ex-wife, she no longer has any claim to ownership, but it doesn't guarantee that you own it, just because she relinquished her claim. That falls back to the original deed.
Steve and Ugly are correct. By executing the quit claim deed your ex is “quoting” or releasing any interest (whatever that might be) in the subject property. In a community property state- and I don’t know if SD is or not - a spouse may acquire in interest in the property even if not on the title by virtue of community assets being used to pay down the principal on a note. Or mortgage. I would find a local title company to run a title report which will disclose any interest and or ownership in the subject property (including easements deed restrictions mineral rights etc.) $500 well spent. If you retain an attorney they will ask for one anyway.
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The GRS faceplates fit the NeoCD3.0 quite well.
Quick claim deed , what do you guys know about it ? Did a little search and found this .... This would be for the state of SD .
"A quitclaim deed is a legal document used to transfer property ownership, but it doesn't guarantee the title or ownership rights of the property. It essentially releases any claim the grantor (the person transferring the property) has on the property, but it doesn't guarantee that the grantor actually owns it. "
The part that worries me is the " but it doesnt guarantee the title or ownership rights of the property"
This would be for a home thats been in the family since new.
Thanks
Ask for the title or security deed on the property to see who actually owns it - go to your local county/city tax assessors office and find this out - don't rely upon anyone else other than an attorney - and take no-one's word for anything - get it in writing.
The quit claim is just a release saying that the person signing it waives all future claims of ownership/interest in it.
Basically if you're talking about an ex-wife, she no longer has any claim to ownership, but it doesn't guarantee that you own it, just because she relinquished her claim. That falls back to the original deed.
Steve and Ugly are correct. By executing the quit claim deed your ex is “quoting” or releasing any interest (whatever that might be) in the subject property. In a community property state- and I don’t know if SD is or not - a spouse may acquire in interest in the property even if not on the title by virtue of community assets being used to pay down the principal on a note. Or mortgage. I would find a local title company to run a title report which will disclose any interest and or ownership in the subject property (including easements deed restrictions mineral rights etc.) $500 well spent. If you retain an attorney they will ask for one anyway.