You must seek the advice of an attorney before executing any deeds. You may already have some protection from creditors if you own the property as tenants-by-the-entirety. By executing a deed you may leave the property more vulnerable to liens that have been recorded. There are prohibitions against conveying property to avoid creditors.
No, this would be fraud on the creditors and they can sue to have the transaction rescinded or nullified.
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.
If you own the property as tenants by the entirety you should NOT execute a quitclaim deed until you have consulted with an attorney. Further, a conveyance to avoid creditors can be rendered void by a court.
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.
Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.
A quitclaim deed may be used to convey any interest in real property.
No, you cannot quitclaim property to yourself because quitclaim deeds are used to transfer a property's ownership interest from one party to another. Since you cannot transfer property to yourself, a quitclaim deed is not necessary.
Not unless you can prove that the quitclaim deed was executed based on fraud committed by the parties the property was conveyed to.
My father is deceased my mother used quitclaim deed to sell property what about the kids do fathers interest pass to kids
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.
A quitclaim deed is a legal document that is used to transfer real property, such as homes, land, and roads, from one entity to another. The entity who is signing over the property to another is referred to as the grantor; the grantee is the entity that receives the property. Since quitclaim deeds do not make any guarantees to the grantees, they are very rarely used to transfer property that has been sold. Quitclaim deeds are most often used to transfer property between people who are familiar with each other, and they can also be used to transfer private property to a business. The quitclaim deed form is the document that must be filled out to create a quitclaim deed.What a Quitclaim Deed Form ContainsBefore property can be transferred from one owner to another, a written document must be created. Many quitclaim forms are created by lawyers, but some grantors create their own forms. A quitclaim deed should contain the names of the grantor and grantee, the date the document was created, a legal description of the property, and a habendum. The habendum describes the rights the grantee will receive. There may also be a consideration added to the quitclaim deed. When added to a quitclaim deed, a consideration describes what the grantee will give to the grantor in exchange for the property. In most states, a quitclaim deed form only has to be signed by the grantor and notarized; the grantee is not required to sign the document.After the Quitclaim Deed Form has Been SignedOnce the signed form has been transferred to the grantee, the deed to the property is considered transferred. The deed should be recorded in the county where the property is located.An issue that can arise from a quit claim deed is that the grantor may not have claim to the property that is being transferred. Quitclaim deeds make no assertions that the property being transferred is without debt or not owned by another party; they just transfer the title from the grantor to the grantee. If the grantor did not own the property that was transferred to the grantee, the grantee does not receive the property. In many states, the grantee will not be able to take legal action against the grantor.
Quitclaim deeds cannot be "revoked". Once the deed has been executed the property has a new owner: the grantee. The grantor in the deed no longer has any interest in the property.