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Is property transferred by quit claim deed in Tennessee considered a gift?
Wiki User
∙ 12y ago
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.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoNot 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.
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Is a lien the same as a claim?
A lien is a claim against the value of property, such as a house or a car. The property cannot legally be sold or transferred without settling the lien.
What is a written claim of property?
Real property is transferred to another owner by a deed. A deed is a written legal document that is used to transfer the title to real property.
What is a written claim of some piece of property?
Real property is transferred to another owner by a deed. A deed is a written legal document that is used to transfer the title to real property.
When the property is in my name can my brother apply for the court asking for a share?
If a property is transferred to you or you are the sole owner of this property, your brother cannot seek help from the court for a share in property, until and unless there is a document supporting his claim.
Property given to you by your parents can your husband claim half the value?
No your husband cant clam on the property which is given by your parents He has no right to claim on it Answer: That depends on where you are and on what the paperwork says. It some places, it may be considered joint property. Check with a lawyer.
Can property be transferred by quit claim from trust to individual?
The property can be transferred as long as the document that created the trust granted the power to transfer real estate to the trustee. The deed should be drafted by a professional. Errors in deeds drafted by non-professionals can be costly to correct if they can be corrected. Especially so when dealing with property that was transferred to a trust. You should make an appointment with an attorney who can review the trust and draft a proper deed.
Can you force someone to take their name off a quit claim deed?
Yes, if by signing the quitclaim deed they transferred all their interest in the property to a new owner.Yes, if by signing the quitclaim deed they transferred all their interest in the property to a new owner.Yes, if by signing the quitclaim deed they transferred all their interest in the property to a new owner.Yes, if by signing the quitclaim deed they transferred all their interest in the property to a new owner.
Can my husband quit claim our house to me?
You havent provided enough detail. It depends on when he transferred his interest in the property and whether you owned the property jointly before he transferred his interest to you. He may be able to claim a portion of the taxes, the portion he paid if he was the sole owner before his transfer. However, you should consult with your tax accountant.You havent provided enough detail. It depends on when he transferred his interest in the property and whether you owned the property jointly before he transferred his interest to you. He may be able to claim a portion of the taxes, the portion he paid if he was the sole owner before his transfer. However, you should consult with your tax accountant.You havent provided enough detail. It depends on when he transferred his interest in the property and whether you owned the property jointly before he transferred his interest to you. He may be able to claim a portion of the taxes, the portion he paid if he was the sole owner before his transfer. However, you should consult with your tax accountant.You havent provided enough detail. It depends on when he transferred his interest in the property and whether you owned the property jointly before he transferred his interest to you. He may be able to claim a portion of the taxes, the portion he paid if he was the sole owner before his transfer. However, you should consult with your tax accountant.
Is the cosigner on a property considered to be a co-owner?
Yes. * No. Unless a cosigner is also named on the title to a vehicle or the deed to real property they have no legal rights or claim to said property.
Would it be better to use a Quit Claim or Warranty Deed to transfer a property to an LLC and would my bank have a problem with it?
If there is a mortgage on the property there is most likely a clause that will trigger a demand for payment in full if the property is transferred. You should check your mortgage document.
What problems do you think Dr Patel might see with the fact that you have taken the property under a quitclaim deed?
Dr Patel may have an issue with the fact that property claim is nul in void. Otherwise, the property claim is of no use to the doctor and is considered to be a document of which is invalid.
How do you file a quit claim deed from a deceased parent when there is no will and one child involved?
The property cannot be transferred by deed. The estate must be probated in order for title to the real property to pass to the child. You need to contact a probate attorney in your area.
