Single Woman Verses Unmarried Woman For Quitclaim Deed
Jones, an unmarried woman, and John Q. Brown, an unmarried man John Q. Brown, Mary S. Jones and John J. Johnson, all single people, as tenants in common Then specific amount of ownership can be established by inserting in the vesting the percentage of interest that each of the buyers will hold. Michigan ar ournal June 2016 Ladybird Deeds Purposes and Usefulness. Pictures of single women in virginia. A method of transferring real property by a warranty or quit - claim deed. The conveyance portion of a deed by a single woman could be drafted as follows: Alice Smith, a single woman, of [address].
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FTC Disclosure: We may be compensated if you make a purchase via a link on this site. Divorce and Quitclaim Deeds The following information about divorce and quitclaim deeds offers tips on how to protect your interests in the family home. Depending on whether you will be keeping the house after divorce or your ex will get it, title and ownership of the property is something that needs to be taken care of. Find out how to get a person's name off the deed, what effect this will have on the mortgage and more. • • • • • • • • • • • • • • • • • Will a quit claim deed release me from the mortgage obligation? Matti's Question: We held equity loans for two separate properties, and during out divorce, each property was signed off to its respective owner using a quit-claim deed.
My ex-husband has failed to meet his financial obligations and the creditors are pursuing me. Am I still liable for this debt, or did the quit-claim deed release my responsibility? Timothy's Answer: Unfortunately, this is a common error that divorcing couples often make when dividing their property.
Unmarried Woman Title
As you have discovered, a quit claim deed only affects how the property is titled and has no impact on the loan obligation. You need to consult with the lawyer who handled your case to see when the deed was executed whether the mortgage remained in both parties names. By the sounds of it, the original loan documents may still be in your joint names. This could explain why the creditors are pursuing you now that your ex is behind on the payments. You are still responsible for the financial obligations on all joint debts, regardless of how your marital property was divided in your divorce. However, before paying the debt, you need to review your divorce agreement to see if your lawyer included an indemnity clause protecting you from his assigned obligations.
