Does a person who signs a quit claim deed have right to the property?

Answer 1

Not necessarily, a quit claim deed just assigns all interest from one party to another. I can give you a quit claim deed to the Brooklyn Bridge, assigning you all of my interest in that property. The deed would be legal in that I am assigning all of my interest in the bridge, but you wouldn't have any more interest in the bridge AFTER receiving the deed than you did before, since I do not have any interest in the bridge.

If there are other encumbrances against the property, a quit claim deed does not remove those encumbrances and in fact may result in the acceleration of a mortgage repayment, if a current mortgage exists against the property.

A Quitclaim deed is often used when people want to change the wording on a deed or to enable the other party to sell the house without needing the signature of anyone else on the deed. I have seen them used to "clean up" the names on a title for the sale of a home or for refinancing. As stated above, the effects of a quitclaim do not eliminate the lien the bank has on the house if the house is not paid for. It does not remove or change the names on the mortgage and those people's responsibility to pay. Clarification:If the grantor on the quitclaim deed owns all the interest in the property in fee then YES you would acquire ownership of the property. If there were any liens and encumbrances you would acquire the land subject to them. In some parts of the country quitclaim deeds are often used to convey real property.

Answer 2

Quit claim deeds are used to convey a persons interest in a property to another person. It can be the person you have a joint ownership with or someone else. You can only convey the interest you have so it depends on how you took title and what kind of ownership you have.

Answer 3

That depends on what is stated in the deed.

A person who "signs" a quit claim deed (the grantor) is the person transferring their interest in the property. Of course, it depends on what was conveyed in the deed. It may be all of the grantor's interest or it may be that the grantor is transferring a proportionate interest such as a half interest to another person.

If the grantor transfers all their interest in the property then the property has a new owner and the grantor no longer has any rights in the property unless they reserved a life estate. In that case they would have the right to the use and possession for the duration of their natural life. Upon their death the property is owned free and clear by the grantor in the deed.

That depends on what is stated in the deed.

A person who "signs" a quit claim deed (the grantor) is the person transferring their interest in the property. Of course, it depends on what was conveyed in the deed. It may be all of the grantor's interest or it may be that the grantor is transferring a proportionate interest such as a half interest to another person.

If the grantor transfers all their interest in the property then the property has a new owner and the grantor no longer has any rights in the property unless they reserved a life estate. In that case they would have the right to the use and possession for the duration of their natural life. Upon their death the property is owned free and clear by the grantor in the deed.

That depends on what is stated in the deed.

A person who "signs" a quit claim deed (the grantor) is the person transferring their interest in the property. Of course, it depends on what was conveyed in the deed. It may be all of the grantor's interest or it may be that the grantor is transferring a proportionate interest such as a half interest to another person.

If the grantor transfers all their interest in the property then the property has a new owner and the grantor no longer has any rights in the property unless they reserved a life estate. In that case they would have the right to the use and possession for the duration of their natural life. Upon their death the property is owned free and clear by the grantor in the deed.

That depends on what is stated in the deed.

A person who "signs" a quit claim deed (the grantor) is the person transferring their interest in the property. Of course, it depends on what was conveyed in the deed. It may be all of the grantor's interest or it may be that the grantor is transferring a proportionate interest such as a half interest to another person.

If the grantor transfers all their interest in the property then the property has a new owner and the grantor no longer has any rights in the property unless they reserved a life estate. In that case they would have the right to the use and possession for the duration of their natural life. Upon their death the property is owned free and clear by the grantor in the deed.

Answer 4

That depends on what is stated in the deed.

A person who "signs" a quit claim deed (the grantor) is the person transferring their interest in the property. Of course, it depends on what was conveyed in the deed. It may be all of the grantor's interest or it may be that the grantor is transferring a proportionate interest such as a half interest to another person.

If the grantor transfers all their interest in the property then the property has a new owner and the grantor no longer has any rights in the property unless they reserved a life estate. In that case they would have the right to the use and possession for the duration of their natural life. Upon their death the property is owned free and clear by the grantor in the deed.

Answer 5

Generally the grantee does not sign unless there is an agreement in the body of the deed with conditions that bind the grantee. Condominium deeds are the exception. The grantee signs condo unit deeds so as to accept and be bound by all the provisions in the Master Deed.

Answer 6

Yes. Ownership of real property is evidenced and accomplished by a deed. If the grantor on the deed was the owner of the property then the grantee on the same deed is the new owner.