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Arizona Quitclaim Deed from Husband and Wife / Two Individuals to Four...

Arizona Quitclaim Deed from Husband and Wife / Two Individuals to Four Individuals

Name: Arizona Quitclaim Deed from Husband and Wife / Two Individuals to Four Individuals
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.76 (340 reviews)

Category:

Arizona Real Estate - Deeds - Quitclaims

State:

Arizona

Control #:

AZ-059-77

Format:

Instant download

Description

This form is a Quitclaim Deed where the Grantors are Husband and Wife, or two Individuals, and the Grantees are four Individuals. Grantors convey and quitclaim the described property to Grantees. This deed complies with all state statutory laws.

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FAQ

A quitclaim deed transfers title but makes no promises at all about the owner's title.A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.

If the quitclaim deed requires the signature of all co-owners, the deed is invalid unless all co-owners have signed it and the deed is then delivered to the grantee.If one individual owns real estate and desires to add a co-owner such as a spouse, a quitclaim deed might be used.

If you sign a quitclaim deed to release yourself from ownership of the property or a claim to the title, then that doesn't mean you are no longer held accountable for the mortgage payment.Otherwise, you may be held responsible for unpaid payments despite no longer having a claim to the title.

It is also crucial that a spouse know about the loan, even if he or she is not on the mortgage. In general, the spouse must sign a deed of trust, the Truth in Lending and Right to Cancel documents. By signing these documents, they are simply acknowledging the existence of the mortgage.

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.

It's usually a very straightforward transaction, but it's possible for a quitclaim deed to be challenged. 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.

Misconceptions and Realities. It is a misconception that someone can be removed from the deed. Nor can a co-owner simply take away another party's interest in a property by executing a new deed without that other party. In short, no one can be passively removed from a title.

In states like California and Florida, the spouses may use a quitclaim deed to transfer the property without warranting title. Other stateslike Texasrecognize a similar type of deed called a deed without warranty.

Arizona Quitclaim Deed from Husband and Wife / Two Individuals to Four Individuals

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FAQ

Does a quitclaim deed give you ownership?

What makes a quit claim deed invalid?

What happens when you sign a quitclaim deed?

Why does spouse have to sign deed?

Does spouse have to sign quit claim deed?

Can quit claim deed be challenged?

Can you remove someone from a deed without their knowledge?

Can a spouse sign over a house?

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