What does Interspousal mean?

What does Interspousal mean?

being between spouses

Does spouse have to sign quit claim deed?

In order to transfer ownership of the marital home pursuant to a divorce, one spouse is going to need to sign a quitclaim deed, interspousal transfer deed, or a grant deed, in order to convey the title to the property.

Does a quit claim deed supersede a divorce decree?

The divorce decree is still enforceable. The quit claim deed could or could not be construed as your ex-husband’s decision to transfer not only his ownership interest in the property at that time but to relinquish his claim to proceeds from the sale. That determination would be up to the judge to decide.

Does a quit claim deed hold up in court?

A quitclaim deed is a legal instrument that transfers the grantor’s legal interest in a piece of real property to another person (the grantee). If a quitclaim deed is challenged in court, the issue becomes whether the property was legally transferred and if the grantor had the legal right to transfer the property.

Does a quitclaim deed release you from the mortgage?

Signing a quitclaim deed and giving up all rights to the property doesn’t release you from any financial obligations you may have. It only removes you from the title, not from the mortgage, and you are still responsible for making payments.

Can you transfer ownership of a credit card?

While you can’t just put your entire credit card account in someone else’s name, it is possible to give them your debt. Credit card companies offer the ability to transfer balances from one card to another, even if they’re not held by the same person, as long as both parties agree on the transaction.