What does Interspousal deed transfer mean?
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What does Interspousal deed transfer mean?
An interspousal transfer deed, technically called an interspousal transfer grant deed, is a legal document used to give sole ownership of shared property, like a house, to one person in a marriage.
Should I sign a quit claim deed if my name is still on the mortgage?
It does not, however, absolve you from your responsibility for the mortgage or remove your name from the mortgage. If you sign a quitclaim deed before addressing the mortgage, you could find yourself paying for a home you no longer own.
Can a title company prepare a quit claim deed?
Who prepares the quitclaim deed form? These deeds are basic documents that can be created on your own, or through your family law attorney, or through an escrow or title company. A quitclaim deed is considered a legal document.
Does a quit claim deed avoid probate?
A quitclaim deed is sometimes used to avoid probate court by transferring an interest in real property before someone’s death. The property is transferred by deed during their life, instead of being transferred by a will after the grantor’s death.
