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If you own property and execute a quitclaim deed transferring your interest. You no longer own the property. If the property is subject to a mortgage or if you made the transfer to avoid creditors you have complicated the title and created a problem for yourself but you cannot undo that deed. The grantee in that deed would need to convey their interest back to you. Transferring property that is subject to a mortgage will trigger the "due on transfer" clause. You should consult with an attorney.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoYes. They are the new owners. They must record their deed in the land records and then they can convey the property to someone else by a quitclaim deed if that type of deed is acceptable to the grantee.
Yes. They are the new owners. They must record their deed in the land records and then they can convey the property to someone else by a quitclaim deed if that type of deed is acceptable to the grantee.
Yes. They are the new owners. They must record their deed in the land records and then they can convey the property to someone else by a quitclaim deed if that type of deed is acceptable to the grantee.
Yes. They are the new owners. They must record their deed in the land records and then they can convey the property to someone else by a quitclaim deed if that type of deed is acceptable to the grantee.
Wiki User
∙ 11y agoYes. They are the new owners. They must record their deed in the land records and then they can convey the property to someone else by a quitclaim deed if that type of deed is acceptable to the grantee.
Wiki User
∙ 7y agoNo. If you own property and execute a quitclaim deed transferring your interest, you no longer own the property. The property has a new owner and you have no authority over it.
Wiki User
∙ 6y agoNo. You are no longer the owner of the property. You transferred any interest you owned in the property by signing a quitclaim deed. You would need a court order to reverse the transfer.
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If a Quitclaim Deed is signed and later registered when is it in force?
A quitclaim deed is enforceable against the grantor the moment it is executed and delivered to the grantee.
Do you have to have a house for 10 years to quitclaim deed?
No. There is no time limit of ownership for you to execute a quitclaim deed. Many people execute a quitclaim deed immediately after acquiring their property, especially in commercial real estate transactions or when a straw deed has been executed to make changes in tenancy.
What happens if a person has a quitclaim deed and the original owners did not give up ownership of the property?
A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.A quitclaim deed is only effective if it was executed by the owner of the property. If the original owner executed a quitclaim deed then they do not own the land.If the quitclaim deed you refer to was not executed by the owner of the property then it is of no effect.
Is property transferred by quit claim deed in Tennessee considered a gift?
Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.Not necessarily. You need to examine the deed to see if there was any consideration mentioned. A quitclaim deed can be used as a gift deed but every quitclaim deed is not a gift deed.
What are the Repercussions of person who tries to have quitclaim deed signed by giving false information to the other person?
The other person will have the right of rescission and will be able to back out of the deal at will.
How does a quitclaim deed work on refinancing your home?
A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.A quitclaim deed doesn't figure into the procedure to refinance your home.
If a couple divorce and a quitclaim deed is to the bank can the bank foreclose on the house?
yes
How long does a quitclaim deed take to be recorded in fl?
To actually have the process take place? It depends on the speed and efficiency of the Clerk's Office. You can probably request expedited handling if it's THAT important.
In California could you get your property back if you use a Quitclaim deed to convey ownership?
Not unless you can prove that the quitclaim deed was executed based on fraud committed by the parties the property was conveyed to.
Can a warranty deed be reserve by quit claim deed after a death?
No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.No. A warranty deed cannot be reserved by a quitclaim deed. Deeds convey real property.
Uses for quitclaim deed?
A quitclaim deed may be used to convey any interest in real property.
How long does a quit claim take?
gifted property had taken back 2 years before
